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The University of Pennsylvania (also known as Penn)[3][4] is a private university located in Philadelphia, Pennsylvania, USA. Penn is America's first university[5] and is the fourth-oldest[6] institution of higher education in the United States. Penn is also a member of the Ivy League, and is one of the Colonial Colleges. Penn is a leader in the arts and humanities, the social sciences, the natural sciences, architecture, communications and education.[7][8] Penn is particularly noted for its schools of law, business and medicine -- the latter two being the first of their kind in North America.[9] About 4,500 professors serve nearly 10,000 full-time undergraduate and 10,000 graduate and professional students. In FY2007, Penn's academic research programs undertook more than $787 million in research, involving some 4,200 faculty, 870 postdoctoral fellows, 3,800 graduate students, and 5,400 support staff. Much of the funding is provided by the National Institutes of Health (NIH) for biomedical research. Penn tops the Ivy League in annual spending, with a projected 2007 budget of $5.18 billion. In 2007, it ranked fourth among U.S. universities in fundraising, bringing in about $392.4 million in private support.[10]
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