Franklin College is a private liberal arts college in Franklin, Indiana. It was founded in 1834 and has a wooded campus spanning 207 acres (84 ha) including athletic fields and a 31-acre (13 ha) biology woodland. The college offers its approximately 1,000 students Bachelor of Arts degrees in 49 majors from 25 academic disciplines, 43 minors, 11 pre-professional programs, and 5 cooperative programs. The college also offers a Master of Science in Athletic Training and a Master of Science in Physician Assistant Studies. In 1842, the college began admitting women, becoming the first coeducational institution in Indiana and the seventh in the nation. Franklin College has historically maintained an affiliation with the American Baptist Churches USA.

The Franklin Wonder Five was a 1920s basketball team from Indiana's "Hoosier Hysteria" era. With basketball king in Indiana, the team from Franklin was dubbed the "Wonder Five". This small town about 20 miles south of Indianapolis produced a team that captured the Indiana State Basketball Championship three years in succession, 1920–1922. They became national college champions in 1923, playing with Franklin College and staying undefeated against teams from major universities. While they passed on a match with the New York Celtics, they twice defeated the Omars, a professional Midwest team.