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History of Harvard University. Harvard Collegeâââoriginally Harvard Colledge, and around which Harvard University eventually grewâââwas founded 1636 in Cambridge, Massachusetts, making it the oldest institution of higher learning in the United States.
(Cambridge, MA). With a current endowment of over $32.7 billion, Ivy League Harvard University is the wealthiest university in the world. Founded in 1636 as New College, it was quickly renamed in honor of John Harvard, a Cambridge-educated clergyman who donated $1,285 and a large collection of books.