Magnolia Circle with Memorial Hall in the background at the University.
The University of Delaware (UD) is the largest university in the U.S. state of Delaware. The main campus is located in Newark, with satellite campuses in Dover, Wilmington, Lewes and Georgetown. It is medium-sized — approximately 16,000 undergraduate and 3,000 graduate students. Although UD receives public funding for being a land-grant, sea-grant, space-grant and urban-grant state-supported research institution, it is also privately chartered. At present, the school's endowment is valued at about $1.2 billion US. The University of Delaware was called a "Public Ivy" in Greene's Guides published in 2001. In 2007, UD was ranked No. 15 nationally in Kiplinger's Personal Finance magazine list of the 100 best public institutions of higher education. The University of Delaware was also ranked 15th best value for in state students and 10th best value for out of state students.
The school from which the university grew was founded in 1743, making it one of the oldest in the nation. However, the University of Delaware was not chartered as an institution of higher learning until 1833. Its original class of 10 students included George Read, Thomas McKean, and James Smith, all three of whom would go on to sign the Declaration of Independence.
The school has particularly substantial engineering, science, business, education, and agriculture programs, with world-class programs in business, chemical engineering, chemistry and biochemistry, drawing as it does from the historically strong presence of the nation's chemical and pharmaceutical industries in the state of Delaware. In 2006, UD's engineering program was ranked number 10 in the nation by The Princeton Review. It is one of only four schools in North America with a major in art conservation.