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shall have the power and it shall be their duty: Though the trustees are in overall charge of the university, Leland and Jane Stanford as Founders retained great control until their deaths.
Despite the duty to have a co-educational institution in 1899 Jane Stanford, the remaining Founder, added to the Founding Grant the legal requirement that "the number of women attending the University as students shall at no time ever exceed five hundred".
Stanford was founded by Leland Stanford, a railroad magnate, U. senator, and former California governor, together with his wife, Jane Lathrop Stanford.
Stanford's undergraduate program is the most selective in the country with an acceptance rate of 5.07% for the 2018 Class.It is also one of the leading producers of members of the United States Congress.The university officially opened on October 1, 1891 to 555 students.Fifty-nine Nobel laureates have been affiliated with the University, and it is the alma mater of 30 living billionaires and 17 astronauts.Stanford has produced a total of 18 Turing Award laureates, the highest in the world for any one institution.