 It covers course fees and provides a grant for living expenses.As of 2014, there have been more than 1,300 recipients of scholarships from the Clarendon Fund, including around 350 Clarendon Scholars at Oxford in the academic year of 2014/15.Financed by the Oxford University Press, the Clarendon Fund was established by the Council of the University of Oxford in 2000 and launched in 2001.