Answer:
Describes universities like Harvard and can be poisonous.
A mile from end to end, yet as close to as a friend. A precious commodity, freely given. Seen on the dead and on the living. Found on the rich, poor, short and tall, but shared among children most of all.
A thousand colored folds stretch toward the sky. Atop a tender strand, rising from the land, until killed by maiden's hand. Perhaps a token of love, perhaps to say goodbye.
My first is twice in apple but not once in tart. My second is in liver but not in heart. My third is in giant and also in ghost. Whole I’m best when I am roast.
My first is nothing but a name; my second is more small; my whole is of so little fame it has no name at all.
Which bank is not used for storing money?