Original sentence: It was founded by oil magnate and benefactor John D.Rockefeller and incorporated in 1890; William Rainey Harper became its first president in 1891 and the first classes were held in 1892
Edited sentence: Founded by oil magnate and benefactor John D.Rockefeller and incorporated in 1890, it is one of the most prestigious and influential universities in the world.William Rainey Harper became its first president in 1891, and its first classes were held in 1892