target of £1.25 billion in March 2012, the target was raised to £3 billion.
==== Funding criticisms ====
The university has faced criticism for some of its sources of donations and funding. In 2017, attention was drawn to historical donations including All Souls College receiving £10,000 from slave trader Christopher Codrington in 1710, and Oriel College receiving £100,000 from the will of the imperialist Cecil Rhodes in 1902. In 1996 a donation of £20 million was received from Wafic Saïd who was involved in the Al-Yammah arms deal, and taking £150 million from the US billionaire businessman Stephen A. Schwarzman in 2019. The university has defended its decisions saying it "takes legal, ethical and reputational issues into consideration".
The university also faced criticism, as noted above, over its decision to accept donations from fossil fuel companies having received £21.8 million from the fossil fuel industry between 2010 and 2015, £18.8 million between 2015 and 2020 and £1.6 million between 2020 and 2021.
The university accepted £6 million from The Alexander Mosley Charitable Trust in 2021. Former racing driver Max Mosley stated that he set up the trust "to house the fortune he inherited" from his father, Oswald Mosley, who was founder of two far-right groups: Union Movement and the British Union of Fascists.
=== Affiliations ===
Oxford is a member of the Russell Group of research-led British universities and is regarded to be part of the non-formal grouping of universities which make up the "golden triangle" in South East England. Internationally, it is a member of the Europaeum, the League of European Research Universities, and the International Alliance of Research Universities.
== Academic profile ==
=== Admission ===
In common with most British universities, prospective undergraduate students apply through the UCAS application system, but prospective applicants for the University of Oxford, along with those for medicine, dentistry, and University of Cambridge applicants, must observe an earlier …
