Grammy Awards, 11 Emmy Awards, and 4 Academy Awards and (b) include one of only 17 people who have earned all 4 awards (an EGOT). In addition, Penn has the greatest number of alumni on the Forbes 400 list of the wealthiest Americans out of all colleges and has the greatest number of undergraduate billionaire alumni of all colleges, with 64 living billionaires, 28 of whom are alumni of Penn's undergraduate schools. Penn alumni have won 81 Olympic medals (26 of them gold). Two Penn alumni have been NASA astronauts and 5 have been awarded the United States Armed Forces' highest award for gallantry, the Medal of Honor. History Origins of the college The original sponsors of the dormant building still owed considerable construction debts and asked Franklin's group to assume their debts and, accordingly, their inactive trusts. On February 1, 1750, the new board took over the building and trusts of the old board. On August 13, 1751, the "Academy of Philadelphia", using the great hall at 4th and Arch Streets, took in its first secondary students. A charity school also was chartered on July 13, 1753, by the intentions of the original "New Building" donors, although it lasted only a few years. On June 16, 1755, the "College of Philadelphia" was chartered, paving the way for the addition of undergraduate instruction. All three schools shared the same board of trustees and were considered to be part of the same institution. The first commencement exercises were held on May 17, 1757. The University of Pennsylvania considers itself the fourth-oldest institution of higher education in the United States, though this is contested by Princeton and Columbia Universities. In 1740, a group of Philadelphians joined to erect a great preaching hall for the traveling evangelist George Whitefield, who toured the American colonies delivering open-air sermons. The building was designed and built by Edmund Woolley and was the largest building in the city at the time, drawing thousands of people the first time in which it was preached. It was initially planned to serve as a charity school as well, but a lack of funds forced plans for the chapel and school to be suspended. According to Franklin's autobiography, it was in 1743 when he first had the idea to establish an academy, "thinking the Rev. Richard Peters a fit person to superintend such an institution". However, Peters declined a casual inquiry