The University of Texas at Austin (informally University of Texas, or simply Texas or UT) is a public research university located in Austin, Texas. Founded in 1883, it is the flagship institution of The University of Texas System. The university's campus is located approximately 0.25 miles (0.40 km) from the Texas State Capitol. The institution has the fifth-largest single-campus enrollment in the nation as of fall 2010 (and had the largest enrollment in the country from 1997 to 2003), with over 50,000 undergraduate and graduate students and 16,500 faculty and staff. It currently holds the largest enrollment of all colleges in the state of Texas. The University of Texas at Austin was named one of the original eight Public Ivy institutions and was inducted into the American Association of Universities in 1929. The university is a major center for academic research, with research expenditures exceeding $640 million for the 2009-2010 school year. The university houses seven museums and seventeen libraries, including the Lyndon Baines Johnson Library and Museum and the Blanton Museum of Art, and operates various auxiliary research facilities, such as the J. J.