Stanford University

Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university located in Stanford, California, United States.

Stanford University was founded in 1885 by former California governor and senator Leland Stanford and his wife, Jane Lathrop Stanford, as a memorial to their son Leland Stanford Jr., who died of typhoid in Europe a few weeks before his 16th birthday. The Stanfords used their farm lands to establish the university hoping to create a large institution in California.

Stanford University enrolls about 6,700 undergraduate and about 8,000 graduate students from the United States and around the world every year. The university is divided into a number of schools such as the Stanford Business School, Stanford Law School, Stanford School of Medicine, Stanford School of Engineering, etc.

Stanford University is in Silicon Valley, and its alumni have founded companies like Nike, Hewlett-Packard, Sun Microsystems, Nvidia, Yahoo!, Cisco Systems, Silicon Graphics and Google.

Faculty residences One of the benefits of being a Stanford faculty member is the "Faculty Ghetto," where faculty members can live within walking or biking distance of campus. Similar to a condominium, the houses can be bought and sold but the land under the houses is rented. The Faculty Ghetto is composed of land owned entirely by Stanford. A faculty member cannot buy a lot, but he or she can buy a house, renting the underlying land on a 99-year lease. The cost of owning a house in Silicon Valley remains high, however, and the average price of single family homes on campus is actually higher than in Palo Alto. The rapid capital gains of Silicon Valley landowners are enjoyed by Stanford, although Stanford, by the terms of its founding cannot sell the land. Houses in the "Ghetto" may appreciate or may depreciate but not as rapidly as overall Silicon Valley land prices.

Stanford University alumni started companies including Hewlett-Packard, Cisco Systems, NVIDIA, SGI, VMware, MIPS Technologies Yahoo!, Google, Sadim Enterpises, and Sun Microsystems—indeed, "Sun" originally stood for "Stanford University Network."

Stanford University's current community of scholars includes: 18 Nobel Prize laureates; 135 members of the National Academy of Sciences; 82 members of National Academy of Engineering; 224 members of the American Academy of Arts and Sciences; 21 recipients of the National Medal of Science; three recipients of the National Medal of Technology; 26 members of the National Academy of Education; 41 members of American Philosophical Society; 4 Pulitzer Prize winners; 23 MacArthur Fellows; 7 Wolf Foundation Prize winners; 7 Koret Foundation Prize winners; 7 Presidential Medal of Freedom winners. NFL quarterbacks Jim Plunkett and John Elway, NFL receiver Gordon Banks, MLB left-fielder Carlos Quentin, and U.S. President Herbert Hoover are alumni.