The Juilliard School, located at the Lincoln Center for the Performing Arts in New York City, United States, is a performing arts conservatory which was established in 1905. It is informally identified as simply "Juilliard," and trains about 800 undergraduate and graduate students in dance, drama, and music. Juilliard has one of the most prestigious names of performing arts conservatories around the world. In 2007, the school received 2,138 applications for admission, of which 162 were admitted for a 7.58% acceptance rate. In the fall semester of 2009, the school had an 8.0% acceptance rate. In 2011, the school accepted only 5.5% of applicants. The school was founded in 1905 as the Institute of Musical Art. It was formed on the premise that the United States did not have a premier music school and too many students were going to Europe to study music. At its formation, the Institute was located at Fifth Avenue and 12th Street. In its first year, the institute enrolled 500 students. It moved in 1910 to Claremont Avenue in Morningside Heights. In 1920, the Juilliard Foundation was created, named after textile merchant Augustus D.