Harvard University (incorporated as The President and Fellows of Harvard College) is a private university in Cambridge, Massachusetts, U.S., and a member of the Ivy League. Founded in 1636 by the colonial Massachusetts legislature, Harvard is the oldest institution of higher learning in the United States. It is also the first and oldest corporation in North America.Harvard is consistently ranked at or near the top of international college and university rankings,and has the second-largest financial endowment of any non-profit organization (behind the Bill & Melinda Gates Foundation), standing at $28.8 billion as of 2008
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