Nowadays the institution is based on secular ideas and remains very influential in Colombian culture and public life.

It has influenced and participated in very important transitional processes like the revolution for the independence from Spain and the drafting of the Political National Constitution of 1991.

By the Royal Decree of 1768 Charles III recognized the institution as a 'College' among with the six halls of Spain, which continued the tradition of the University of Salamanca.

The founder established the Calatrava Cross as the symbol of the university and issued the Constitutions, which remain as the governing documents of the school.

Besides acting as advisory board to the Rector, it takes care of the university's assets and approves the annual budget of revenues and expenses, among other functions conferred by the Old and New constitutions.

The "Consiliarios" are chosen by an electoral body composed by the Rector and the fifteen "Colegiales", for a period of four years with the possibility of an indefinite re-election.

The 'Secretaria General' also ensures the conservation and restoration of the historical heritage of the university and supports the rector and the Consiliatura in the fulfillment of their responsibilities.

A male primary/secondary school, which shared its name (Colegio Mayor de Nuestra Señora del Rosario) was founded as part of the university.

The Cloister: this architectural symbol is in the Historic Center of Bogotá, separated from the Avenida Jimenez de Quesada by Plazoleta del Rosario and located at 14th Street and Old Town Street, classified by experts as the oldest in the city, thus informing the Teusaquillo Zipa with the urban areas demarcated by the conquerors.

The cloister, was built in the colonial era in Spanish seventeenth century architecture style by Fray Cristobal de Torres.

In its interior, it is possible to admire the statue of the founder, Fray Cristóbal de Torres, erected in bronze by Catalan sculptor Renart Dionisio Garcia in 1909.

In almost four centuries of history, many distinguished figures have been formed at the Universidad del Rosario, including twenty-eight presidents of the Republic and many other members of their Cabinets.