University of Innsbruck (German: Leopold-Franzens-Universität Innsbruck) has been a university in Austria since 1669. It is currently the largest education facility in the Austrian Bundesland of Tirol and third largest in Austria according to student population, behind Vienna University and the University of Graz. In 1562 a Jesuit grammar school was established in Innsbruck, today the "Akademisches Gymnasium Innsbruck". It was financed by the salt mines in Hall in Tirol and was founded as a university in 1669 by Leopold I with four faculties. In 1782 this was reduced to a mere lyceum (as were all other Universities in Austrian Empire, apart from Prague, Vienna and Lviv), but it was re-established as the University of Innsbruck in 1826 by Emperor Franz I. The university is therefore named after both of its founding fathers with the official title of: "Leopold-Franzens-Universität Innsbruck" (Universitas Leopoldino-Franciscea). In the 1850s Habsburgs gradually closed University of Olomouc as a consequence of the Olomouc students' and professors' participation on the 1848 revolutions and the Czech National Revival.