The 23-year-old pop star is launching a new festival in California called Daisy Chain Fields, which will also feature the likes of Chappell Roan and KATSEYE.
Rodrigo shared her excitement about the festival on Instagram.
"I've had a dream of doing this festival for years and i am so ecstatic its finally coming true!!Â
"Daisy Chain Fields features an all-women lineup and 100 percent of the net proceeds will go to charities dedicated to advancing and advocating for women and girls. the lineup is truly insane and full of my heroes and friends. i firmly believe that joy, community, and music can be the drivers of meaningful change and I'm hopeful this festival will be just that. I absolutely cannot wait to scream and dance and sing with you guys August 29th!!!!
"signup for presale access at daisychainfields.com (sic)"
Rodrigo confirmed that net profits from ticket sales will go to several charities and non-profit organisations, including the Johns Hopkins Center for Indigenous Health, Planned Parenthood, and the National Women's Law Center.
"All of the artists who are doing it are making no profit," she told Pitchfork.
"I just feel like we need something really positive to do and see, and young girls need awesome role models who are supporting other women and who are engaging in something that's really joyful and musical and community-oriented."
Rodrigo previously claimed that fame has "stunted" her development.
The singer has enjoyed huge success in recent years, but feels that growing up in the public eye has had a detrimental impact on her.
"Nobody can be perfect, ever. It's so funny because I am so strait-laced. But it's hard," she told the Guardian.
"I feel super mature in some ways and super stunted in others because of how I've grown up.
"I have such curiosity to learn and grow and experience things, and how am I ever going to learn if I can't make a mistake in the privacy of my own life?"