The University of Florence (Università degli Studi di Firenze, UNIFI) is a higher study institute in Florence, central Italy. One of the largest and oldest universities in the country, it consists of 12 faculties and has currently about 60,000 students enrolled. The University of Florence evolved from the Studium Generale, which was established by the Florentine Republic in 1321. The Studium was recognized by Pope Clement VI in 1349, and authorised to grant regular degrees. The Pope also established that the first Italian faculty of Theology would be in Florence. The Studium became an imperial university in 1364, but was moved to Pisa in 1473 when Lorenzo the Magnificent gained control of Florence. Charles VIII moved it back from 1497-1515, but it was moved to Pisa again when the Medici family returned to power. In 1859 it became the Istituto di Studi Pratici e di Perfezionamento, a year later it was recognized as a full fledged university by the government of the unified Italy. In 1923 the Istituto was officially denominated a University by the Italian Parliament.