Founded in 1636 in Cambridge, Massachusetts, United States, Harvard is the oldest institution of higher education in America but also one of the most prestigious at current world, even the number one ranked in the world.It had a recorded budget in September 2010 of $ 27.4 billion, led by President Drew Gilpin Faust. University's motto is "Veritas" in Latin meaning "truth" and the color University is purple being two strong nationalist elements.