Magdalen College is one of the constituent colleges of the University of Oxford. As of 2014, the college had an estimated financial endowment of £180.8 million. Magdalen stands next to the River Cherwell and has within its grounds a deer park and Addison's Walk. The large, square Magdalen Tower is an Oxford landmark, and it is a tradition, dating to the days of Henry VII, that the college choir sings from the top of it at 6 a.m. on May Morning.