Nine years later , it was converted into a foundation , the first university to be organized under Republic Act No. 6055 concerning the conversion of educational institutions .
Nine years later , it was converted into a foundation , the first became known as the Araneta University Foundation .
Nine years later , it was converted into a foundation , the first university to be organized under Republic Act No. 6055 concerning the conversion of educational institutions and became known as the Araneta University Foundation .