Tougaloo College is a private, co-educational, liberal arts institution of higher education founded in 1869, in Madison County, north of Jackson, Mississippi, USA. Academically, Tougaloo College has received high ranks in recent years. It was ranked as one of the "Best in the Southeast" by Princeton Review (2007 and 2008 edition), one of the top 20 liberal arts institutions in the nation by The Washington Monthly (2007 edition), and one of the top 20 of the "Best Black Colleges by" U.S. News and World Report (2008 edition). According to the National Science Foundation, Tougaloo College ranks among the top 50 U.S. institutions whose graduates earn PhDs in science and engineering disciplines and among the top 15 historically black colleges and universities in the graduation of minority males and females with undergraduate degrees in the physical sciences. The College has produced more graduates who have completed their PhD degrees through the UNCF-Mellon Doctoral Fellowship Program than any other institution in the nation. Financially, however, the institution has struggled.