Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Established in 1636 and named for clergyman John Harvard (its first benefactor), its history, influence, and wealth have made it one of the world's most prestigious universities. Harvard is the United States' oldest institution of higher learning, and the Harvard Corporation (formally, the President and Fellows of Harvard College) is its first chartered corporation. Among global rankings, the Academic Ranking of World Universities has ranked Harvard as the world's best university every year since it was first released.