The first commencement exercises were held on May 17, 1757. : 13 All three schools shared the same board of trustees and were considered part of the same institution. On June 16, 1755, the College of Philadelphia was chartered, paving the way for the addition of undergraduate instruction. A charity school also was chartered on July 13, 1753, : 12 by the intentions of the original donors, although it lasted only a few years. On August 13, 1751, the Academy of Philadelphia, using the great hall at 4th and Arch Streets, was established and began taking in its first secondary students. On February 1, 1750, a new board of trustees took over the building and trusts of the old board. The group acquired a dormant building after its owners asked Franklin's group to assume their debts and, accordingly, their inactive trusts. The proposal was seen as innovative at the time, and Franklin organized 24 trustees to help guide the institution he envisioned. In 1749, Benjamin Franklin published a pamphlet, "Proposals Relating to the Education of Youth in Pennsylvania", in which he argued for establishing a Philadelphia-based institution that would provide higher education to its citizens. History Origins of the college īenjamin Franklin, the founder of the University of Pennsylvania, was the primary founder, benefactor, and a president of the board of trustees for the Academy and College of Philadelphia, which merged with the University of the State of Pennsylvania to form the University of Pennsylvania in 1791. Two Penn alumni have been NASA astronauts and five have been awarded the Medal of Honor. Penn alumni have won 81 Olympic medals, including 26 gold medals. Penn has the largest number of alumni on the Forbes 400 list of the wealthiest Americans out of all colleges and has the greatest number of undergraduate billionaire alumni of all colleges, with 64 living billionaires, 28 of whom are alumni of Penn's undergraduate schools. Penn alumni have won at least 28 Tony Awards, 16 Grammy Awards, 11 Emmy Awards, and four Academy Awards, and include one of only 18 people who have earned all four awards, known as an EGOT. Penn has graduated 24 Rhodes Scholars and 21 Marshall Scholars. Alumni and faculty include 36 Nobel laureates. Cabinet Secretaries, 46 governors, 27 State Supreme Court justices, and nine foreign heads of state. Constitution, two Presidents of the United States, three U.S. Since its founding, Penn alumni, trustees, and faculty have included eight signers of the Declaration of Independence, seven signers of the U.S. The university's athletics program, the Penn Quakers, fields varsity teams in 33 sports as a member of NCAA Division I's Ivy League conference. Penn also is the home of Morris Arboretum, the official arboretum of the Commonwealth of Pennsylvania, which is located 15 miles northwest of the campus in the Chestnut Hill section of Philadelphia. Notable campus landmarks include Houston Hall, the first modern student union, and Franklin Field, the nation's first dual-level college football stadium and oldest NCAA Division I college football stadium in continuous operation. The campus, located in the University City neighborhood of West Philadelphia, is centered around College Hall. In 2020, the university was awarded $1.5 billion in research grants, the fourth-largest of any U.S. Penn's endowment is US$20.7 billion, making it the sixth-wealthiest private academic institution in the nation as of 2022. Constitution, its medical school, the first in North America, and Wharton, the nation's first collegiate business school. Among its highly ranked graduate schools are its law school, whose first professor James Wilson participated in writing the first draft of the U.S. Schools enrolling undergraduates include the College of Arts and Sciences, the School of Engineering and Applied Science, the Wharton School, and the School of Nursing. The university has four undergraduate schools and 12 graduate and professional schools. Benjamin Franklin and other Philadelphians established the university in 1749, which would make it the fifth-oldest institution of higher education. Penn identifies as the fourth-oldest institution of higher education in the United States, though this representation is challenged by other universities. Declaration of Independence when Benjamin Franklin, the university's founder and first president, advocated for an educational institution that trained leaders in academia, commerce, and public service. It was one of nine colonial colleges chartered prior to the U.S. The University of Pennsylvania, often abbreviated simply as Penn or UPenn, is a private Ivy League research university in Philadelphia.
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