History of Harvard University in North America was brought from Spain to Mexico City, with production beginning in 1539. In 1639, the college was renamed Harvard College after clergyman John Harvard, a University of Cambridge alumnus who had willed the new school £779 pounds sterling and his library of some 400 books. The colony charter creating the Harvard Corporation was granted in 1650 at the beginning of the English Interregnum. When the college's first president Henry Dunster abandoned Puritanism in favor of the English Baptist faith in 1654, he provoked a controversy that highlighted two distinct approaches to dealing with dissent in the Massachusetts
Harvard University endowment was linked to George W. Bush's so-called Harken Energy scandal. Specifically, Michael R. Eisenson, who would later found private equity firm Charlesbank Capital Partners was the Harvard representative on the Harken Energy board when Harvard made a $30 million investment into the ill-fated oil company venture. At the time, employees were accused of improperly investing their own money into Harken but Harvard deemed those investments appropriate. Harvard University endowment Harvard University's endowment (valued at $37.1 billion ) is the largest academic endowment in the world. Along with Harvard's pension assets, working capital, and non-cash gifts, it is managed by Harvard