Florida State University (FSU) is an American public space-grant and sea-grant research university. Its primary campus is located on a 1,391.54-acre campus in Tallahassee, Florida. FSU is a senior member of the State University System of Florida. Founded in 1851, it is located on the oldest continuous site of higher education in the state of Florida. The university is classified as a Research University with Very High Research by the Carnegie Foundation for the Advancement of Teaching. The university comprises 16 separate colleges and more than 110 centers, facilities, labs, and institutes offering more than 360 programs of study, including professional school programs. The university has an annual budget of over $1.7 billion and an annual economic impact of over $10 billion.