The 'U.G.L.Y' singer is rumoured to be announcing the initiative on Monday (November 5), after linking to articles about the project on Twitter yesterday (November 3).
According to Hollywoodlife.com, Brown plans to donate grants to several support programmes for the arts - as well as those designed to educate teens about domestic violence - as part of the launch of the Symphonic Love Foundation.
Brown is said to have been planning the move for the past three years and has apparently already given grants to a number of community organizations which provide creative outlets for children in low income areas.
The charity's website (symphoniclovefoundation.org) will reportedly go live once the announcement has been made and includes information and tools to inspire young people to be more creative and share their artwork with the world.
"Chris wanted to focus on supporting arts programmes because art has been such an integral part of his life," explained a source involved in the project.
"It's been a way for him to express who he is ever since he was a young child. He's been quietly painting for years and sees it as a positive outlet for low income children."
They continued: "Chris has been extremely generous with both his finances and time with his foundation. He really wanted to find an effective way to help children and teens. And honestly, I have to say Chris is one of the most caring and genuine people I've ever worked with on a philanthropic cause.
"This will be one of the most active foundations established by anyone in his generation. He will be actively engaging with young people and his fans with it."
A court recently ruled that Brown should remain on supervised probation as part of a sentence he is serving for an assault on ex-girlfriend Rihanna in 2009.
The couple - who were last month spotted together at a New York nightclub - are rumoured to have rekindled their relationship, after Brown was seen attending the 'Diamonds' singer's Halloween party during the week.