The University of Pennsylvania is a private Ivy League research university in Philadelphia, Pennsylvania, United States. It is one of nine colonial colleges and was chartered prior to the U.S. Declaration of Independence when Benjamin Franklin, the university's founder and first president, advocated for an educational institution that trained leaders in acade…The University of Pennsylvania is a private Ivy League research university in Philadelphia, Pennsylvania, United States. It is one of nine colonial colleges and was chartered prior to the U.S. Declaration of Independence when Benjamin Franklin, the university's founder and first president, advocated for an educational institution that trained leaders in academia, commerce, and public service. Penn identifies as the fourth-oldest institution of higher education in the United States, though this representation is challenged by Princeton and Columbia since the College of Philadelphia was not chartered or commence classes until 1755 and the first board of trustees was not convened until 1749, arguably making it the sixth or fifth-oldest.