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Yale's roots can be traced back to around the 1640's, when colonial clergymen began to lead and effort to establish a college in New Haven. in 1701, their charter was granted and Yale College was born, although the school was not renamed until 1718 after having received considerable contributions from a Welsh merchant named Elihu Yale. Today, Yale has become one of the best universities in the world, with students coming from all 50 states and more than 100 countries around the globe.