Yale University is a private Ivy League research university in New Haven, Connecticut. Founded in 1701 as the 'Collegiate School' by a group of Congregationalist ministers and chartered by the Colony of Connecticut, the university is the third-oldest institution of higher education in the UnitedStates. In 1718, the school was renamed 'Yale College' in recognition of a gift from Elihu Yale,a governor of the British East India Company. Established to train Connecticut ministers in theology and sacred languages, by 1777 the school's curriculum began to incorporate humanities and sciences. During the 19th century Yale gradually incorporated graduate and professional instruction, awarding the first Ph.D. in the United States in 1861 and organizing as a university in 1887. Yale is organized into twelve constituent schools: the original undergraduate college, the Graduate School of Arts &Sciences, and ten professional schools. While the university is governed by the Yale Corporation, each school's faculty oversees its curriculum and degree programs.