Duke University is a private research university located in Durham, North Carolina, United States. Founded by Methodists and Quakers in the present day town of Trinity in 1838, the school moved to Durham in 1892. In 1924, tobacco industrialist James B. Duke established The Duke Endowment, prompting the institution to change its name in honor of his deceased father, Washington Duke. Organized into two undergraduate and ten graduate and professional schools, Duke's research expenditures topped $657 million in 2009, placing it amongst the largest ten in the nation. In its 2011 edition, U.S. News & World Report ranked the university's undergraduate program ninth among national universities, while ranking the medical, law, public affairs, nursing and business graduate programs all among the top twelve in the United States. Quacquarelli Symonds pegged the university as the fourteenth best in the world and tenth in the nation in the 2010 QS World University Rankings. Competing in the Atlantic Coast Conference, Duke's athletic teams—known as the Blue Devils—have captured twelve national championships, including four by its well-known men's basketball team.