The University of Pennsylvania (Penn or UPenn) is a prestigious Ivy League research university located in Philadelphia, Pennsylvania. Founded in 1740, it is one of the oldest institutions of higher education in the United States. Benjamin Franklin, one of America's Founding Fathers, played a pivotal role in its establishment, envisioning an institution that combined practical education with classical studies. Penn is known for its interdisciplinary approach, housing four undergraduate schools and 12 graduate and professional schools, including the renowned Wharton School of Business and the Perelman School of Medicine. It was also the first American university to establish a medical school in 1765. With a strong emphasis on research, innovation, and public service, Penn continues to be a leader in academia and beyond.