The London School of Economics (officially The London School of Economics and Political Science, often referred to as LSE) is a public research university located in London, England and a constituent college of the federal University of London. Founded in 1895 by Fabian Society members Sidney Webb, Beatrice Webb, Graham Wallas, and George Bernard Shaw for the betterment of society, LSE joined the University of London in 1900 and established its first degree courses under the auspices of the University in 1901. The LSE started awarding its own degrees in 2008, prior to which it awarded degrees of the University of London. LSE is located in Westminster, central London, near the boundary between Covent Garden and Holborn. The area is historically known as Clare Market. The LSE has more than 10,000 students and 3,300 staff, just under half of whom come from outside the UK. It had a consolidated income of £353.1 million in 2016/17, of which £32.1 million was from research grants. One hundred and fifty five nationalities are represented amongst LSE's student body and the school has the second highest percentage of international students (70%) of all world universities. Despite its name, the school is organised into 25 academic departments and institutes which conduct teaching and research across a range of legal studies and social sciences. LSE is a member of the Russell Group and is generally considered a part of the "Golden Triangle" of universities in south-east England, along with the University of Oxford, the University of Cambridge, University College London, Imperial College London, and King's College London.