Benjamin Franklin Opens Pennsylvania Academy and College

As he matured, Franklin began to concern himself more with public affairs. In 1743, he set forth a scheme for The Academy and College of Philadelphia. He was appointed president of the academy in November 13, 1749, and it opened on August 13, 1751. At its first commencement, on May 17, 1757, seven men graduated; six with a Bachelor of Arts and one as Master of Arts. It was later merged with the University of the State of Pennsylvania to become the University of Pennsylvania.

http://en.wikipedia.org/wiki/Benjamin_Franklin