Corporate status enabled universities to raise their own institutionally earmarked funds, which were bestowed on individuals who were "incorporated" on a non-hereditary basis, through examination or election.
El estatus corporativo le permitía a las universidades obtener sus propios fondos dedicados a la institución, que eran otorgados a individuos que estaban "incorporados" sobre una base no hereditaria, a través de exámenes o de elecciones.