The huge Sunderland supporter died last month after he was diagnosed with neuroblastoma when he was just 18 months old.
His story touched the hearts of people across the world, with celebrities, football stars and clubs supporting him throughout his brave battle.
A Just Giving page which was set up to help other families in similar situations has raised more than £390,000 after almost 11,000 people donated to the cause. His mother, Gemma Lowery, from Blackhall Colliery, Co Durham, announced the news on Tuesday that the Bradley Lowery Foundation is now a registered charity.
She said: 'We're mega excited to announce that after a lot of behind the scenes work, we've got a registered charity number for the Bradley Lowery Foundation.
'We're hoping to support, advise and encourage families on their fundraising campaigns to reach their target and get their child medical treatment and equipment. 'We'll give out some grants, but we'll also spend time building rapport with families to support them in all kinds of different ways.
'We're also hoping to get a holiday home for families to use for short breaks, to give them some normality in their lives.'
It comes as Bradley will be remembered with a charity match held by Everton FC next month.
A host of celebrities are set to form teams Bradley's Blues and The Lowery Legends for the game at Goodison Park on September 3.
He was a mascot for Everton, Sunderland and England last year. On Tuesday, Everton FC's Twitter account posted a video of the youngster, including clips of him on the pitch at Goodison, along with a link to buy tickets to the charity fixture.
The Sunderland fan was shown wearing an Everton shirt with the message 'Cancer has no colours' written on the back.
Everton Chairman Bill Kenwright said: 'There's little that I could ever add to the tributes to Bradley, that have already been fulsome throughout the world of football - and onwards.
'I didn't know him for long. But from the second he walked out onto the pitch with his beloved Sunderland Football Club against us, I felt an overwhelming 'blue' need to support him.
'(Majority shareholder) Farhad (Moshiri) and my Everton colleagues immediately supported that need.
'Everyone at Everton feels honoured to support this match to celebrate the short life of one of football's all-time greats - there's only one Bradley Lowery.'
Tickets cost £10 for adults or £5 for under-16s and can be booked online at evertonfc.com/bradley.
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