Pepperdine University is an independent, medium-sized university enrolling approximately 7,300 students in five colleges and schools. The University is located on 830-acre campus overlooking the Pacific Ocean in Malibu. The University was founded in 1937 by George Pepperdine, a Christian businessman who founded the Western Auto Supply Company. For the first 30 years of its life, the institution was a small, mostly undergraduate college. University status was achieved in 1970 as the institution added graduate and professional schools. In 1972, the University opened its new campus in Malibu. The purpose of Pepperdine University is to pursue the very highest academic standards within a context that celebrates and extends the spiritual and ethical ideals of the Christian faith.