Opened in 1912 after the murder of its namesake William Marsh Rice, Rice is a research university with an undergraduate focus. Its emphasis on education is demonstrated by a small student body and 6:1 student-faculty ratio. The university has a very high level of research activity, with $156 million in sponsored research funding in 2019. Rice is noted for its applied science programs in the fields of artificial heart research, structural chemical analysis, signal processing, space science, and nanotechnology. In 2010, it was ranked first in the world in materials science research by Times Higher Education (THE). Rice has been a member of the Association of American Universities since 1985 and is classified among "R1: Doctoral Universities – Very high research activity".