In 1788, these resettled Anglician Loyalists founded the King's Collegiate School in Windsor. During the following year, the University of King's College emerged from the collegiate. In the same year, 1789, an act passed for "the permanent establishment and effectual support of a college at Windsor," and £400 per annum was granted towards its maintenance. The College opened in 1790, and received a Royal Charter from King George III in 1802, becoming Canada's first university. Even though the University of New Brunswick traces its history to King's College at Fredericton, which was established in 1785, it did not initially receive university powers and did not receive a Royal Charter until 1827. Similarly, McGill University traces its origins to 1801 but did not receive a Royal Charter until 1821.