Benjamin Franklin University.

Benjamin Franklin University, formerly Pace Institute, merged with The George Washington University in 1987 within the School of Business and Public Management. In 1907, Homer S. Pace established the Washington Branch of Pace Institute, offering the first professional accounting courses in the District of Columbia. In 1925, Benjamin Franklin University (BFU) was organized and incorporated to succeed Pace Institute. The founder and president, John Thomas Kennedy, established the University as a continuation of the Pace courses to provide the part-time student with a professional education in Accountancy, Financial Administration and General Business. In its charter, the University was authorized to confer academic degrees for both undergraduate and post-graduate work. Under the Act of March 2, 1929, BFU was licensed by the District of Columbia Board of Education to confer the Associate in Business Administration, the Bachelor of Commercial Science and the Master of Commercial Science. From 1925 to 1938, the University offered its day and evening courses in the Department of Transportation. On January 1, 1938, the University moved to 1100 Sixteenth Street. By the 1980s BFU offered the Associate, Bachelor, and Master's Degrees in the fields of Accountancy and Financial Management. In 1987, an agreement was signed that merged BFU and The George Washington University. In 1992, the Benjamin Franklin Chair was established in the School of Business and Public Management.