The Otto Friedrich University is the most recent and yet one of the oldest universities in Bavaria. The prince-bishop of Bamberg Melchior Otto Voit von Salzburg extended the former Jesuit college to include faculties of philosophy and theology, thus creating the Academia Ottoniana. Prince-bíshop Friedrich Karl von Schönborn expanded the Academia into a fully-fledged university by adding a faculty of law. In 1773 it was baptised Universitas Ottoniana Fridericiana. The "House of Wisdom" has been able to call itself a university again since 1972. And in 1988 it was named Otto-Friedrich University to commemorate its two main patrons.
(text adapted from the university website)