The Marshall Aid Commemoration Commission is a non-departmental public body of the British Foreign and Commonwealth Office that awards scholarships and fellowships to American students for postgraduate and postdoctoral study and research at UK universities.

The principal architect of the scheme was Sir Roger Makins (1904-1996), a Deputy Under Secretary in the Foreign Office.

Soon after the bill was passed by parliament Makins was appointed British Ambassador to the United States.

The first chairman was Sir Oliver Franks (1905-1992), who had been British Ambassador to the US while the Marshall Plan was in operation.

The fellowships are named after Lord Sherfield, who as Sir Roger Makins was the architect of the commission.