In 1746, the New Jersey school of Princeton was founded and was originally simply named the College of New Jersey. The fourth-oldest university in America is the University of Pennsylvania. It was founded in 1740 by famous founding father Benjamin Franklin. Brown University, founded in 1746, is located in Providence, Rhode Island. The smallest Ivy League school, Dartmouth, was established in 1769 in Hanover, New Hampshire. It received a large endowment of several billion dollars.