Merton College is one of the constituent colleges of the University of Oxford in England. Its foundation can be traced back to the 1260s when Walter de Merton, chancellor to Henry III and later to Edward I, first drew up statutes for an independent academic community and established endowments to support it. The important feature of Walter's foundation was that this "college" was to be self-governing and the endowments were directly vested in the Warden and Fellows.