With over 50 years’ experience, we are proud to partner with many of the most prominent and sophisticated charities, endowments and foundations in the UK and globally.

Our dedicated not‑for‑profit investment team brings deep specialist experience and a clear understanding of the sector’s unique challenges.

We work alongside investment committees and trustees of charities, endowments and foundations to develop a detailed understanding of their return objectives, risk tolerance, spending plans, responsible investment beliefs and governance needs. Drawing on this understanding, we support the design and implementation of an investment strategy that is fully aligned with the charity’s needs.

We provide advice on:

• Strategic asset allocation
• Investment manager selection and monitoring
• Responsible investment and impact implementation
• Governance structures and decision‑making frameworks
• Fee benchmarking, negotiation and savings

Our consultants are supported by Aon’s specialist global investment manager research, investment strategy & economics, and responsible investment teams - ensuring rigorous, research‑driven guidance at every stage.

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Contact Aon

Victoria Marsh, not-for-profit business development lead, UK
Victoria leads Aon’s not-for-profit business development in the UK, working closely with charities and other mission-driven organisations to understand their objectives and connect them with appropriate investment solutions. She is passionate about helping charities navigate the complexities of the investment landscape, with a focus on strategic, mission-aligned solutions and long-term relationships.

She brings extensive experience in the not-for-profit space, having spent eight years at Mercer with a dedicated focus on charities and similar organisations. Victoria is engaged with the not-for-profit investment community and plays an active role in shaping Aon’s offering. She contributes to industry events and discussions, sharing insights on market developments and best practice to support better outcomes for not-for-profit investors. Email Victoria.

Jennifer O'Neill, head of not-for-profit investment, UK
Jennifer advises a number of institutional investors with portfolios ranging from £1bn to £20bn. Her clients focus on investing with impact, and she supports them to distil their beliefs and implement impactful choices within their portfolios. She holds a senior role in Aon’s responsible investment team, and is regularly invited to present at conferences on investing sustainably. She guides her clients through decision-making sensitively and with a collaborative style.

Before joining Aon in 2017, Jennifer was a fund manager, where she was responsible for portfolio construction and management of long-only bespoke portfolios for pension funds, charities, and endowment funds. Before this, she began her investment career as an analyst with Morgan Stanley’s private markets division. Email Jennifer.