Franklin & Marshall College (abbreviated as "F&M") is a four-year private co-educational residential national liberal arts college in the Northwest Corridor neighborhood of Lancaster, Pennsylvania, United States. It employs 175 full-time faculty members and has a student body of approximately 2,120 full-time students. F&M was ranked 41st on U.S. News & World Report's 2010 list of liberal arts colleges. Forbes' 2009 list of "America's Best Colleges" ranked the school 36th overall, and 33rd among private colleges. It was also ranked #1 in the nation for "Faculty accessibility" by The Princeton Review in 2003. The college is a member of the Centennial Conference. For the Class of 2012 Admissions Cycle, the acceptance rate dropped to 35.9%, making it F&M's most selective class yet while increasing the admissions profile. The average SAT score is 1311, which combines the Critical Reading and Math portions. Franklin College was chartered on June 6, 1787 in Lancaster, Pennsylvania on the site of a former brewery. It was named for Benjamin Franklin, who donated £200 to the new institution.