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The University of Pennsylvania (commonly known as Penn or UPenn) is a private, Ivy League 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.

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Penn was one of the first academic institutions to follow a multidisciplinary model pioneered by several European universities, concentrating multiple "faculties" (e.g., theology, classics, medicine) into one institution.

It was also home to many other educational innovations.

The first school of medicine in North America (Perelman School of Medicine, 1765), the first collegiate business school (Wharton School of Business, 1881) and the first "student union" building and organization (Houston Hall, 1896) Twenty-eight Nobel laureates have been affiliated with Penn. president); three United States Supreme Court justices plus a number of state Supreme Court justices; founders of technology companies, international law firms, and global financial institutions; and university presidents.

Over its history the university has also produced many distinguished alumni. According to a 2014 study, 25 billionaires attended the University of Pennsylvania as undergraduates, the most billionaires of any university at the undergraduate level.

Benjamin Franklin, (1705/06-1790), was the primary founder, President of the Board of Trustees, and a trustee of the Academy and College of Philadelphia, which merged with the University of the State of Pennsylvania to form the University of Pennsylvania in 1791.

(Charles Willson Peale, 1785) In 1740, a group of Philadelphians joined together to erect a great preaching hall for the traveling evangelist George Whitefield, who toured the American colonies delivering open air sermons.The building was designed and built by Edmund Woolley and was the largest building in the city at the time, drawing thousands of people the first time it was preached in.It was initially planned to serve as a charity school as well; however, a lack of funds forced plans for the chapel and school to be suspended.According to Franklin's autobiography, it was in 1743 when he first had the idea to establish an academy, "thinking the Rev.Richard Peters a fit person to superintend such an institution." However, Peters declined a casual inquiry from Franklin and nothing further was done for another six years.In the fall of 1749, now more eager to create a school to educate future generations, Benjamin Franklin circulated a pamphlet titled "Proposals Relating to the Education of Youth in Pensilvania," his vision for what he called a "Public Academy of Philadelphia." Unlike the other Colonial colleges that existed in 1749—Harvard, William and Mary, Yale and Princeton—Franklin's new school would not focus merely on education for the clergy.

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