For the next 15 years, the university struggled financially, bordering on insolvency. But by 1926, as the first class of 372 students enrolled at the new university, the land boom had collapsed and hopes for a speedy recovery were dashed by the Great Miami Hurricane of 1926. The university was formally chartered Ap by the Circuit Court for Dade County. The contributions included land contracts and mortgages on real estate that had been sold in the city. Merrick, founder of Coral Gables, granted 160 acres (0.6 km 2) and nearly $5 million ($83.4 million, adjusted for current inflation) for the university's founding. The university began in earnest in 1925 when George E. Like most private universities of the time, the University of Miami was founded as a coeducational institution but not yet open to Black students. During this era of Jim Crow laws, there were three large state-funded universities in Florida for white male students, white female students, and black female students: the University of Florida in Gainesville and Florida State University and Florida A&M University, both in Tallahassee. They believed that a local university would benefit the Miami metropolitan area and were optimistic that the university would be a beneficiary of future financial support, especially since South Florida was benefiting from the historic 1920s land boom. In 1925, the University of Miami was founded by a group of citizens who sought to offer "unique opportunities to develop inter-American studies, further creative work in the arts and letters, and conduct teaching and research programs in tropical studies", according to the university's founding charter. In 2023, its men's basketball team advanced to the NCAA Division I final four for the first time in program history. Its football team has won five national championships since 1983 and its baseball team has won four national championships since 1982. The University of Miami's intercollegiate athletic teams are collectively known as the Miami Hurricanes and compete in Division I of the National Collegiate Athletic Association. The university is classified among " Doctoral Universities: Very High Research Activity" and a member of the Association of American Universities. University of Miami faculty include a number of notable academics across nearly all disciplines, including four Nobel Prize recipients. Īs of 2022, the University of Miami has 224,967 total alumni since its 1925 founding. As of 2022, it is the 67th-largest research university in the nation with research expenditures of $413 million. The university's main campus in Coral Gables spans 240 acres (0.97 km 2), has over 5,700,000 square feet (530,000 m 2) of buildings, and is located 7 miles (11 km) south of Downtown Miami, the heart of the nation's ninth-largest and world's 65th-largest metropolitan area. With 16,954 faculty and staff as of 2021, the University of Miami is the second-largest employer in Miami-Dade County. Since its founding in 1925, the university has attracted students from all 50 states and 173 foreign countries. The University of Miami offers 138 undergraduate, 140 master's, and 67 doctoral degree programs. Miller School of Medicine in Miami's Health District, the law school on the main campus, and the Rosenstiel School of Marine and Atmospheric Science on Virginia Key with research facilities in southern Miami-Dade County. As of 2022, the university enrolled 19,402 students in 12 colleges and schools across nearly 350 academic majors and programs, including the Leonard M. The University of Miami ( UM, UMiami, Miami, U of M, and The U ) is a private research university in Coral Gables, Florida.
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