Bucknell University

The group's efforts for the institution began to crystallize in 1845, when Stephen William Taylor, a professor at Madison University (now Colgate University) in Hamilton, New York, was asked to prepare a charter and act as general agent for the development of the university. The charter for the University at Lewisburg, granted by the Pennsylvania General Assembly and approved by the governor on February 5, 1846, carried one stipulation–that $100,000 ($3,400,000 today) be raised before the new institution would be granted full corporate status.

In 1846, the "school preparatory to the University" opened in the basement of the First Baptist Church in Lewisburg. Known originally as the Lewisburg High School, it became in 1848 the Academic and Primary Department of the University at Lewisburg.

The school's first commencement was held on August 20, 1851, for a graduation class of seven men. Among the board members attending was James Buchanan, who would become the 15th President of the United States. Stephen Taylor officiated as his last act before assuming office as president of Madison University. One day earlier, the trustees had elected Howard Malcom as the first president of the university, a post he held for six years.