The University of Pennsylvania (commonly referred to as Penn or UPenn) is a private, Ivy League, research university located in Philadelphia. Incorporated as The Trustees of the University of Pennsylvania, Penn is one of 14 founding members of the Association of American Universities and one of the nine original Colonial Colleges. Penn has claims to being the oldest university in the United States of America.
Penn offers a broad range of academic departments, an extensive research enterprise and a number of community outreach and public service programs. It is particularly well known for its medical school, dental school, design school, business school, law school, engineering school, communications school, nursing school, veterinary school, its social sciences and humanities programs, as well as its biomedical teaching and research capabilities. Its undergraduate program is also among the most selective in the country, with an acceptance rate of 10 percent. One of Penn's most well known academic qualities is its emphasis on interdisciplinary education, which it promotes through numerous joint degree programs, research centers and professorships, a unified campus, and the ability for students to take classes from any of Penn's schools (the "One University Policy").
All of Penn's schools exhibit very high research activity. Penn is consistently ranked among the top research universities in the world, for both quality and quantity of research. In fiscal year 2011, Penn topped the Ivy League in academic research spending with an $814 million budget, involving some 4,000 faculty, 1,100 postdoctoral fellows and 5,400 support staff/graduate assistants. As one of the most active and prolific research institutions, Penn is associated with several important innovations and discoveries in many fields of science and the humanities. Among them are the first general purpose electronic computer (ENIAC), the rubella and hepatitis B vaccines, Retin-A, cognitive therapy, conjoint analysis and others.
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