Simplify the following text for a Grade 11 native English-speaking person.
Original: Ohio Wesleyan University ( also known as Wesleyan or OWU ) is a private liberal arts college in Delaware , Ohio , United States . It was founded in 1842 by Methodist leaders and Central Ohio residents as a nonsectarian institution , and is a member of the Ohio Five â '' a consortium of Ohio liberal arts colleges .
Simplified: Ohio Wesleyan University is a private university in Delaware , Ohio and a member of the Five Colleges of Ohio .