Yale University is an American 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.
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