Michigan consists of a flagship campus in Ann Arbor, with two regional campuses in Dearborn and Flint. The Board of Regents, which governs the university and was established by the Organic Act of March 18, 1837, consists of eight members elected at large in biennial state elections[45] for overlapping eight-year terms.[46][47] Between the establishment of the University of Michigan in 1837

43]
Organization and administration[edit]

See also: President of the University of Michigan and Board of Regents of the University of Michigan
College/school founding[44]
College/school    Year founded
College of Literature, Science, and the Arts    1841
School of Medicine    1850
College of Engineering    1854
School of Law    1859
School of Dentistry    1875
School of Pharmacy    1876
School of Music, Theatre & Dance    1880
School of Nursing    1893
A. Alfred Taubman College of Architecture & Urban Planning    1906
Horace H. Rackham School of Graduate Studies    1912
Gerald R. Ford School of Public Policy    1914
School of Education    1921
Stephen M. Ross School of Business    1924
School of Natural Resources & Environment    1927
School of Public Health    1941
School of Social Work    1951
School of Information    1969
School of Art & Design    1974
School of Kinesiology    1984
The University of Michigan consists of a flagship campus in Ann Arbor, with two regional campuses in Dearborn and Flint. The Board of Regents, which governs the university and was established by the Organic Act of March 18, 1837, consists of eight members elected at large in biennial state elections[45] for overlapping eight-year terms.[46][47] Between the establishment of the University of Michigan in 1837 and 1850, the Board of Regents ran the university directly; although they were, by law, supposed to appoint a Chancellor to administer the university, they never did. Instead a rotating roster of professors carried out the day-to-day administration duties.[48]
The President of the University of Michigan is the principal executive officer of the university. The office was created by the Michigan Constitution of 1850, which also specified that the president was to be appointed by the Regents of the University of Michigan and preside at their meetings, but without a vote.[49] Today, the president's office is at the Ann Arbor campus, and the president has the privilege of living in the President's House, the university's oldest building located on Central Campus in Ann Arbor.[50] Mary Sue Coleman is the 13th president of the university and has served since August 2002.[51] Her compensation for 2008–2009 totaled $783,850.[52]
There are thirteen undergraduate schools and colleges.[53] By enrollment, the three largest undergraduate units are the College of Literature, Science, and the Arts, the College of Engineering, and the Ross School of Business.[54] At the graduate level, the Rackham Graduate School serves as the central administrative unit of graduate education at the university.[55] There are 18 graduate schools and colleges, the largest of which are the College of Literature, Science, and the Arts, the College of Engineering, the Law School, and the Ross School of Business. Professional degrees are conferred by the Schools of Public Health, Dentistry, Law, Medicine, and Pharmacy.[54] The Medical School is partnered with the University of Michigan Health System, which comprises the university's three hospitals, dozens of outpatient clinics, and many centers for medical care, research, and education.
Endowment[edit]
As of May 2013, U-M's financial endowment (the "University Endowment Fund") was valued at $8.46 billion.[1] In 2008, Michigan's endowment was the seventh largest endowment in the U.S. and the third-largest among U.S public universities at that time, as well as the fastest gr