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This is an historical study of an institution of§higher education that §existed in St. §Augustine, Florida from 1942-1949. The name of the§institution §was The University §Foundation, founded by George J. Apel, Jr. This§institution had §several higher §education divisions functioning under its umbrella. §These divisions §were the St. §Augustine Junior College, the Graduate Division, the§American §Theological Seminary §and the University Extension College with evening§courses and §Home Study courses for §vacation study. §The results of this study provide answers to the§circumstances and §identities of §the key players which led to the formation of The§University §Foundation. Issues relating §to the mission, revenue streams, faculty, curricula,§and the ultimate §demise of The §University Foundation were also addressed in this study. §Recommendations are included for higher education§administrators, §faculty, §researchers, fund-raisers, and others whose efforts§may be directed §toward the §launching and operation of new Christian institutions§of higher §learning.