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The Max Planck Society conduct basic research in the natural sciences, life sciences, and humanities. Since its foundation in 1948, eighteen Nobel laureates have emerged from its ranks. The Max Planck Society with its 84 Max Planck Institutes and facilities is the international flagship for German science: in addition to five foreign institutions, it operates another 17 Max Planck Centers with research institutions such as the Princeton University in the USA, the Paris University Science Po in France, the University College London in UK, and the University of Tokyo in Japan. Equally funded by federal and state governments, the Max Planck Society had an annual budget of 1.6 billion Euros in 2016.