academy
US /əˈkæd.ə.mi/
UK /əˈkæd.ə.mi/

1.
a place of study or training in a special field
:
•
He attended a military academy.
•
She is studying at a dance academy.
2.
a society or institution of distinguished scholars, artists, or scientists that aims to promote and maintain standards in its particular field
:
•
The Royal Academy of Arts is a famous institution.
•
He was elected to the National Academy of Sciences.