Vanderbilt University is a private research university located in Nashville, Tennessee. It was founded in 1873 and named after shipping and rail magnate Cornelius Vanderbilt, who provided the school its initial $1 million endowment despite having never been to the South. Vanderbilt enrolls approximately 12,000 students from all 50 U.S. states and over 100 foreign countries in four undergraduate and six graduate and professional schools. The university is organized into ten schools, including four undergraduate and six graduate and professional schools. Vanderbilt is ranked among the top 20 universities in the United States by U.S. News & World Report, and is considered one of the most prestigious universities in the world. Vanderbilt's endowment is one of the largest among American universities, standing at $7.2 billion as of 2020.