The move is a direct response to the damage ravaged to the historic built environment in August by Hurricane Katrina.
The international organisation has also announced that it has brokered a deal to join forces with the USA's National Trust for Historic Preservation to help rescue the most important historic buildings.
This partnership, which will be funded by a bursary of $200,000 from the American Express Foundation, will start with a full assessment of the damage.
World Monuments Fund president Bonnie Burnham said that the work that would be undertaken was very important.
'We recognise that heritage preservation is a secondary concern at the extraordinary humanitarian relief efforts continue throughout the region, but we also know from experience that there are things we can do now to prevent further loss later on,' she said.
'Our unprecedented partnership will lay the important groundwork for these critical future efforts, helping people to rebuild their communities and restore their lives,' Burnham added.