Rhodes scholarships were created by imperialist Cecil Rhodes to help UK monarchy gradually recapture the US, "ultimate recovery of the United States of America" by the British Empire

Cecil Rhodes, 1853-1902: "In his [1902] will Cecil left a fortune in excess of £3 million to fund the famous Rhodes scholarships that enable students, primarily from former British territories, to study at Oxford University."...Rhodes sought "the furtherance of the British Empire and the bringing of the whole world under British rule, for the recovery of the United States, for making the Anglo-Saxon race but one Empire."...In his first will, Rhodes called for founding of "a secret society that would extend British rule throughout the world and colonize most parts of it with British settlers, leading to the "ultimate recovery of the United States of America" by the British Empire."...
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Partial list of "American Rhodes Scholars," Americans who accepted scholarships set up by imperialist Cecil Rhodes to study in the UK:    

Pete Buttigieg (heavily endorsed by "security" personnel)
Michael Barr (Obama official)
Cory Booker
Bill Bradley
Sylvia Matthews Burwell (Clinton and Obama official)  
Ash Carter (Obama Def. Sec.)
Wesley Clark, (Democrat military, ethanol lobbyist)  
Bill Clinton
Jared Cohen (Google, CFR, advisor to C. Rice and Hillary)
Charles Collingwood, (CBS News reporter, OBE from the Queen, 1975)
L. Gordon Crovitz-(Dow Jones, Wall St. Journal)  
EJ Dionne, Jr. (WaPo)
Hedley Donovan (Time Editor)
Ronald Dworkin (liberal theorist)
James Fallows (Atlantic columnist, Jimmy Carter speech writer) 
Ronan Farrow  
Russ Feingold (Dem. politician)  
J. William Fulbright (Dem. extreme globalist)  
Eric Garcetti (Mayor of LA)
Elliott Gerson (Exec. VP of Aspen Institute)  
Richard N. Haass (CFR Pres., various State and Def. Depts.)
Griffith R. Harsh (neurosurgeon and husband of Meg Whitman)
Walter Isaacson (CNN, Time, Aspen Institute)
Ben Jealous (former NAACP pres.)
Bobby Jindal (former weak GOP politician)
Nicholas Katzenbach (LBJ AG)    
Andy Kim (Obama official, NJ Dem. Rep)
Frank Klotz (Obama and Trump official)  
Nicholas Kristof (NY Times)
Kris Kristofferson  
Senator Dick Lugar (Extreme globalist GOP Senator; Awarded OBE by the Queen in 2015)  
Rachel Maddow
Ira Magaziner (Clinton Foundation)
Michael McFaul (Anti Putin, Obama admin., Bush 2 advisor, WaPo columnist)
Terrence Malick
Tom Malinowski (Obama admin.)
Christopher Murray (global data, Bill Gates' IHME, WHO)
Joseph Nye (Clinton admin., neoliberalism theory creator) 
Franklin Raines (Bill Clinton official, Fannie Mae exec.)
Bruce Reed (longtime Dem. operative)  
Susan Rice
Robert Reich (Clinton admin)
Dean Rusk (Sec. of State for JFK and LBJ, promoted US military in Vietnam)
Larry Sabato
Senator Paul Sarbanes (Dem. Senator 30 yrs.)  
David Souter (GHW Bush Supreme Court appointee)
Strobe Talbott (Clinton admin.)
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Added: "Cecil Rhodes Biography," notablebiographies.com. Rhodes lived from 1853-1902  

"Birth of an empire"  

"During the mid-1870s, Rhodes spent six months alone, wandering the unsettled plains of Transvaal, South Africa. There, he developed his philosophies on British Imperialism, where the British Empire rules over its foreign colonies. These philosophies consisted of a "dream" where a brotherhood of elite Anglo-Saxons (whites) would occupy all of Africa, the Holy Land in the Middle East, and other parts of the world. After a serious heart attack in 1877, Rhodes revealed his ideas of British Imperialism when he made his first will. In it, Rhodes called for the settlement of his as-yet unearned fortune to found a secret society that would extend British rule throughout the world and colonize most parts of it with British settlers, leading to the "ultimate recovery of the United States of America" by the British Empire."...  

In death [in 1902], Rhodes's fortune allowed him to leave behind a legacy that is still relevant today. Rhodes left six million pounds, most of which went to Oxford University to establish the Rhodes scholarships to provide places at Oxford for students from the United States, the British colonies, and Germany. Land was also left to eventually provide for a university in Rhodesia."...

"Rhodes wanted to create an international movement to extend British influence. "Why should we not form a secret society with but one object," he once said, "the furtherance of the British Empire and the bringing of the whole world under British rule, for the recovery of the United States, for making the Anglo-Saxon race but one Empire?""...April 1, 2015, "Why is Cecil Rhodes such a controversial figure?" BBC News Magazine..."Association of American Rhodes Scholars," Richard Stengel's new book, "Information Wars." 
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Added:

"Cecil Rhodes was one of the leading figures in British imperialism at the end of the 19th Century, pushing the empire to seize control over vast areas of southern Africa, first as a businessman and later as prime minister of Cape Colony in what is now South Africa.

Why did he do that?

Rhodes had both financial and political reasons. He co-founded the De Beers diamond company, which sought to control ever greater territory for its diamond mining. In Rhodes' lifetime, the company controlled about 90% of the world's diamond mines.

But he also held a deep-seated belief that the British should run things because they were simply better than other people. As he famously put it: "You are an Englishman, and have subsequently drawn the greatest prize in the lottery of life." (The quote is often summarized as "to be born an Englishman is to win first prize in the lottery of life.")

What territory are we talking about here?

Two colonies that were named after him--Northern and Southern Rhodesia. They're now the countries of Zimbabwe and Zambia.

Why is there a statue of him at Oxford University?

Born in England, Rhodes attended Oriel College, Oxford, and left money to the college in his will. There also used to be a statue of him in Cape Town, South Africa, but it was torn down in 2015 because of Rhodes' association with white rule. The South African #RhodesMustFall movement inspired similar protests at Oxford............................