private research university in Philadelphia, 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 has four undergraduate schools as well as twelve graduate and professional schools. Among the university's professional and graduate 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 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.In 2019, Penn's undergraduate acceptance rate was 7.44% for the class of 2023. The school is ranked as the 4th best university in the United States by the Wall Street Journal and the 6th best university by U.S. News and 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.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 the current president, Donald J. Trump. Other notable alumni include 27 Rhodes Scholars, 15 Marshall Scholarship recipients, 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.
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