Yale University was founded in 1701 as the Collegiate School in the home of Abraham Pierson, its first rector, in Killingworth, Connecticut. In 1716 the school moved to New Haven and, with the generous gift by Elihu Yale of nine bales of goods, 417 books, and a portrait and arms of King George I, was renamed Yale College in 1718. Yale embarked on a steady expansion, establishing the Medical Institution (1810), Divinity School (1822), Law School (1843), Graduate School of Arts and Sciences (1847), the School of Fine Arts (1869), and School of Music (1894). In 1887 Yale College became Yale University. It continued to add to its academic offerings with the School of Forestry & Environmental Studies (1900), School of Nursing (1923), School of Drama (1955), School of Architecture (1972), and School of Management (1974).