The fund, in the name of the journalist who died suddenly in 1997 aged 47, will support the work of musicians aged under 35 living in the Island or educated here and studying elsewhere.
Aimed primarily at supporting those intending to make a career in the music world, the trust will also be of assistance to musicians interested in any form of music.
Mr Brown, known primarily as the talented anchorman at Channel Television, took up the saxophone later in his life and became a member of the Jersey Big Band.
Responsible for pioneering arts cover for CTV with his own programme, he built up an amazingly broad record collection, which was sold following his death with the proceeds going to the trust.
Set up last year, the trust has four members – artist and musician Robert Tilling, independent television producer Alastair Layzell, former Arts Centre director Rod McLoughlin, who is chief officer to the Bailiff, and cellist Gerard Le Feuvre.
Mr Le Feuvre said that the trustees are seeking applications from musicians under 35 working towards establishing themselves professionally.
‘We don’t want to be prescriptive about the projects we will support, but we envisage applications for funding to pursue master-classes or courses, or perhaps grants towards instruments,’ he said.
The trust might even wish to support a young artist in a recording or a concert series, particularly where it benefits the musical public in Jersey, Mr Le Feuvre said.
There is no limit to practitioners of specific musical styles, either, because Mr Brown was especially known for the breadth of his musical tastes.