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Northwestern University

 

Northwestern University (NU) is a private research university with campuses in Evanston and Chicago in Illinois, United States. Northwestern has 12 undergraduate, graduate, and professional schools offering 124 undergraduate degrees and 145 graduate and professional degrees.
 
Northwestern has one of the largest university endowments in the United States, valued at $7.1 billion in 2012. One of only 62 institutions elected to the Association of American Universities (1917), Northwestern was awarded more than $500 million in research grants in 2010–2011, placing it in the first tier of the major research universities in the United States by the Center for Measuring University Performance.Its schools of management, engineering, and communication, for example, are among the most academically productive in the nation.Northwestern is a founding member of the Big Ten Conference and remains the only private university in the conference. The Northwestern Wildcats compete in 19 intercollegiate sports in the NCAA's Division I.
 
Organization and administration
 
Northwestern is privately owned and is governed by an appointed Board of Trustees. The board, composed of 70 members and as of 2011 chaired by William A. Osborn '69, delegates its power to an elected president to serve as the chief executive officer of the university. Northwestern has had sixteen presidents in its history (excluding interim presidents), the current president,Morton O. Schapiro, an economist, having succeeded Henry Bienen whose 14-year tenure ended on August 31, 2009. The president has a staff of vice presidents, directors, and other assistants for administrative, financial, faculty, and student matters. Daniel I. Linzer, provost since September 2007, serves under the president as the chief academic officer of the university to whom the deans of every academic school, leaders of cross-disciplinary units, and chairs of the standing faculty committee report.
 
Northwestern's endowment was $7.1 billion as of June 30, 2012, the tenth largest among US and Canadian universities. In 2003, Northwestern finished a five-year capital campaign that raised $1.55 billion, $550 million more than its goal. In 2007, the university sold its royalty interest in the pain relief drug Lyrica for $700 million, a drug developed at Northwestern by Richard Bruce Silverman, the John Evans Professor of Chemistry. This was the largest such sale in history, the proceeds of which were added to the endowment.

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