Yale University is a
private Ivy League research university located in
New Haven,
Connecticut. Founded in 1701 in the
Colony of Connecticut, the
university is the
third-oldest institution of
higher education in the
United States.
Originally chartered as the "Collegiate School", the institution traces its roots to 17th-century clergymen who sought to establish a
college to train
clergy and political leaders for the colony. In 1718, the College was renamed "Yale College" to honor a gift from
Elihu Yale, a governor of the
British East India Company. In 1861, the Graduate School of Arts and Sciences became the first U.S. institution to award the PhD. Yale became a founding member of the
Association of American Universities in 1900. Yale College was transformed, beginning in the 1930s, through the establishment of
residential colleges: 12 now exist and two more are planned. Yale employs over 1,100 faculty to teach and advise about 5,300 undergraduate and 6,100 graduate and professional
students. Almost all tenured
professors teach undergraduate courses, more than 2,000 of which are offered annually.
The University's assets include an
endowment valued at $19.4 billion, the second-largest of any academic institution in the world. Yale's system of more than two dozen libraries holds 12.5 million volumes. 49
Nobel Laureates have been
affiliated with the University as students, faculty, and staff. Yale has produced many notable
alumni, including five
U.S. Presidents, 19
U.S. Supreme Court Justices, and several foreign heads of state. At the graduate level,
Yale Law School,
Yale School of Art,
Yale School of Architecture and
Yale School of Drama are consistently ranked the top programs in their field. Yale Law School is the most selective law school in the United States.
Yale students compete intercollegiately as the
Yale Bulldogs in the
NCAA Division I Ivy League. The oldest intercollegiate athletic event in the United States is the
Yale-Harvard regatta.