Yale University is a private Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States. Yale is widely considered one of the most prestigious and selective universities in the world.
Incorporated 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. school to award the Ph.D. 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 a US$16.7 billion endowment, the second-largest of any academic institution, as well as the second-largest academic library in the world, with some 12.5 million volumes held in more than two dozen libraries. 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.
Yalies compete intercollegiately as the Yale Bulldogs in the National Collegiate Athletic Association Division I Ivy League. Yale and Harvard University share a strong athletic rivalry, which traditionally culminates in The Game and the Harvard-Yale Regatta. The official color of the university and its athletic teams is Yale Blue.