private research university in Philadelphia, Pennsylvania
The University of Pennsylvania (Penn or UPenn) is a private Ivy League research university in Philadelphia, Pennsylvania. The University claims a founding date of 1740 and is one of the nine colonial colleges founded prior to the U.S. Declaration of Independence. 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.Penn has four undergraduate schools as well as twelve graduate and professional schools. Among its graduate and professional schools are 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). In 2019, the university had an endowment of $14.65 billion, the seventh largest endowment of all colleges in the United States, as well as a research budget of $1.02 billion. The university's athletics program, the Quakers, fields varsity teams in 33 sports as a member of the NCAA Division I Ivy League conference.
As of 2018, distinguished alumni include 14 heads of state, 64 billionaires, 3 U.S. Supreme Court justices, 33 U.S. Senators, 44 U.S. Governors, 159 members of the U.S. House of Representatives, 8 signers of the U.S. Declaration of Independence, 12 signers of the U.S. Constitution, 24 members of the Continental Congress, and two presidents of the United States, including the current U.S. President, Donald Trump. Other notable alumni include 29 Rhodes Scholars, 15 Marshall Scholars, 16 Pulitzer Prize winners, and 48 Fulbright Scholars. As of October 2019, 36 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. Penn has the highest number of undergraduate alumni billionaires of any school in the United States.
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