The University of Pennsylvania is a private Ivy League research university located in Philadelphia, Pennsylvania. It was founded in 1740 by Benjamin Franklin, one of the Founding Fathers of the United States. Penn is known for its strong undergraduate and graduate programs in business, law, medicine, engineering, and social sciences. The university has a total enrollment of approximately 26,000 students, including 10,000 undergraduates and 16,000 graduate and professional students. Penn has a diverse student body, with students from all 50 states and over 100 countries. The university has a strong research program, with over $1 billion in annual research expenditures.