The correct answer is option 3: Both 1 and 2.

Statement 1 is correct: Muhammadan Anglo-Oriental College was indeed founded at Aligarh by Sayyid Ahmad Khan. This institution, now known as Aligarh Muslim University, was founded in 1875 and played a significant role in promoting education among Muslims in India.

Statement 2 is also correct: Sayyid Ahmad Khan believed in religious toleration and sought contributions from Hindus, Parsis, and Christians for the funds of his college. This inclusive approach reflects his vision of education as a means to foster unity among different religious communities.

Therefore, both statements are true. The Muhammadan Anglo-Oriental College (now Aligarh Muslim University) was founded by Sayyid Ahmad Khan, and he actively sought contributions from Hindus, Parsis, and Christians.