Yale University was originally called the Collegiate School when it was founded in 1701. It was renamed in honor of Elihu Yale in 1718. Yale had made a fortune with the East India Company and later the diamond trade, and he made some sizable donations to the school—books, a portrait of King George I, and some expensive textiles—and the school returned the favor by adopting his name, becoming Yale College. Yale was born in Massachusetts, but he left for England when he was three years old and never came back, so he never even visited the school that ended up bearing his name.
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English - founded in 1701 as a collegiate school it was renamed Yale college in his honour in 1718 and renamed Yale University in 1887.
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