University of Pennsylvania
The University of Pennsylvania (Penn or UPenn) is a private Ivy League research university in Philadelphia, Pennsylvania. It is one of the nine colonial colleges founded prior to the Declaration of Independence and the first institution of higher learning in the United States to refer to itself as a university. Benjamin Franklin, Penn's founder and first president, advocated an educational program that trained leaders in commerce, government, and public service, similar to a modern liberal arts curriculum.
The University of Pennsylvania is home to many professional and graduate schools, including the first school of medicine in North America (Perelman School of Medicine, 1765), the first collegiate business school (Wharton School, 1881) and the first 'student union' building and organization (Houston Hall, 1896).
The university has four undergraduate schools which provide a combined 99 undergraduate majors in the humanities, natural sciences, social sciences, business, and engineering, as well twelve graduate and professional schools. It also provides the option to pursue specialized dual degree programs. Undergraduate admissions is highly competitive, with an acceptance rate of 7.44% for the class of 2023, and the school is ranked as the 8th best university in the United States by the U.S. News & World Report. In athletics, the Quakers field varsity teams in 33 sports as a member of the NCAA Division I Ivy League conference and hold a total of 210 Ivy League championships as of 2017. In 2018, the university had an endowment of $13.8 billion, the seventh largest endowment of all colleges in the United States, as well as an academic research budget of $966 million.
As of 2018, distinguished alumni include 14 heads of state, 64 billionaire alumni; 3 United States Supreme Court justices; 33 United States Senators, 44 United States Governors and 159 members of the U.S. House of Representatives; 8 signers of the United States Declaration of Independence; 12 signers of the United States Constitution, 24 members of the Continental Congress, and two presidents of the United States, including the current president. They have also founded a large number of companies worldwide. Other notable alumni include 27 Rhodes Scholars, 15 Marshall Scholarship recipients, 16 Pulitzer Prize winners, and 48 Fulbright Scholars. In addition, some 35 Nobel laureates, 169 Guggenheim Fellows, 80 members of the American Academy of Arts and Sciences, and many Fortune 500 CEOs have been affiliated with the university.