The University of Illinois at Urbana–Champaign is a public land-grant research university in Illinois in the twin cities of Champaign and Urbana. It is the flagship institution of the University of Illinois system and was founded in 1867., The University of Illinois at Urbana–Champaign is a member of the Association of American Universities and is classified among "R1: Doctoral Universities – Very high research activity". In fiscal year 2019, research expenditures at Illinois totaled $652 million. The campus library system possesses the second-largest university library in the United States by holdings after Harvard University. The university also hosts the National Center for Supercomputing Applications and is home to the fastest supercomputer on a university campus., The university contains 16 schools and colleges and offers more than 150 undergraduate and over 100 graduate programs of study. The university holds 651 buildings on 6,370 acres and its annual operating budget in 2016 was over $2 billion. The University of Illinois at Urbana–Champaign also operates a Research Park home to innovation centers for over 90 start-up companies and multinational corporations, including Abbott, AbbVie, Caterpillar, Capital One, Dow, State Farm, and Yahoo, among others., As of August 2020, the alumni, faculty members, or researchers of the university include 30 Nobel laureates, 27 Pulitzer Prize winners, 2 Turing Award winners and 1 Fields medalist. Illinois athletic teams compete in Division I of the NCAA and are collectively known as the Fighting Illini. They are members of the Big Ten Conference and have won the second-most conference titles. Illinois Fighting Illini football won the Rose Bowl Game in 1947, 1952, 1964 and a total of five national championships. Illinois athletes have won 29 medals in Olympic events, ranking it among the top 40 American universities with Olympic medals., The University of Illinois, originally named "Illinois Industrial University", was one of the 37 universities created under the first Morrill Land-Grant Act, which provided public land for the creation of agricultural and industrial colleges and universities across the United States. Among several cities, Urbana was selected in 1867 as the site for the new school. From the beginning, President John Milton Gregory's desire to establish an institution firmly grounded in the liberal arts tradition was at odds with many state residents and lawmakers who wanted the university to offer classes based solely around "industrial education". The university opened for classes on March 2, 1868, and had two faculty members and 77 students.