Madonna is parting with an abstract French painting she has owned for more than 20 years to support educating girls in Afghanistan, Pakistan and other countries.
Fernand Leger's Three Women at the Red Table will be offered on May 7 at Sotheby's auction house in New York.
It is expected to sell for over $5m (£3.3m).
All proceeds will go to the singer's Ray of Light Foundation.
The pop diva says she wants "to trade something valuable for something invaluable" in countries where female education is rare or non-existent.
Madonna purchased Three Women at Sotheby's in 1990.
Leger created the work in 1921 as part of a series depicting women with still-life compositions.
Other examples from the series are in the Dallas Museum of Art and the Beyeler Foundation in Switzerland.
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