Harvard University is an American private Ivy League research university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation (officially The President and Fellows of Harvard College) chartered in the country. Harvard's history, influence, and wealth have made it one of the most prestigious universities in the world.
Harvard was named after its first benefactor, John Harvard. Although it was never formally affiliated with a church, the college primarily trained Congregationalist and Unitarian clergy. Harvard's curriculum and students became increasingly secular throughout the 18th century and by the 19th century had emerged as the central cultural establishment among Boston elites. Following the American Civil War, President Charles W. Eliot's forty year tenure (1869–1909) transformed the college and affiliated professional schools into a centralized research university, and Harvard became a founding member of the Association of American Universities in 1900. James Bryant Conant led the university through the Great Depression and World War II and began to reform the curriculum and liberalize admissions after the war. The undergraduate college became coeducational after its 1977 merger with Radcliffe College. Drew Gilpin Faust was elected the 28th president in 2007 and is the first woman to lead the university. Harvard has the largest financial endowment of any academic institution in the world, standing at $32 billion as of September 2011.
Harvard College, in Cambridge, Massachusetts, is one of two schools within Harvard University granting undergraduate degrees (the other being Harvard Extension School). Founded in 1636, it is the oldest institution of higher learning in the United States and one of the most prestigious in the world.
In 1636 the New College came into existence by vote of the Great and General Court of the Massachusetts Bay Colony—though without a single building, instructor, or student. In 1639 it was re-named in honor of deceased Charlestown minister John Harvard, who had bequeathed to the school his entire library and half of his monetary estate.
Harvard's first instructor, schoolmaster Nathaniel Eaton, was also its first instructor to be dismissed—in 1639 for overstrict discipline. The school's first students were graduated in 1642. In 1665, Caleb Cheeshahteaumuck, "from the Wampanoag ... did graduate from Harvard, the first Indian to do so in the colonial period."
At the time of Harvard's founding (as today) the colleges of England's Oxford and Cambridge were communities within the larger university, each an association of scholars (both established and aspiring) sharing room and board; Harvard's founders may have envisioned it as the first in a series of sibling colleges which, on the English model, would eventually constitute a university. Though no further "colleges" materialized, nonetheless as Harvard began granting higher degrees in the late eighteenth century it was increasingly styled Harvard University--even as Harvard College (in keeping with emerging American usage of that word) was increasingly thought of as the university's undergraduate division in particular.