Founded in 1865, Cornell University is a private Ivy League university based in Ithaca. It is one of the few private land-grant universities in the United States. Its Ithaca Campus comprises 745 acres but is much larger when the Cornell Botanic Gardens (more than 4,300 acres) and the numerous university-owned lands in New York City are considered. The institution counts 61 Nobel laureates, four Turing Award winners and one Fields Medalist. Admission to Cornell University is extremely difficult: only 8% of applicants are admitted every year. The university is widely recognized as one of the best universities in the world and has exchange agreements with every other top-notch university in the world.