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From the school's site:

Baruch College traces its roots to 1847, when the Free Academy, the first institution of free public higher education in the country, was founded in New York City to provide educational opportunity and superior academic programs. (Baruch's landmark building at 23rd Street and Lexington Avenue occupies the site of the Free Academy.)

Today a thriving, urban, multicultural institution and a senior college of The City University of New York (CUNY), Baruch prepares motivated students of proven achievement (many the first in their family to attend college) with a superb management-focused education. In providing an opening to these students, Baruch sustains the original mission of the Free Academy and the City University, adapting that mission specifically to the needs of New York City, once a commercial hub, now a global corporate and financial powerhouse.

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