The fund will be established by the Dollywood Company and the Dollywood Foundation, and will provide $1,000 each month to Sevier County families who lose their homes.
"We want to provide a hand up to those families who have lost everything in the fires. I know it has been a trying time for my people and this assistance will help get them back on their feet," Parton said in a statement.
Further information will be released on Friday, Parton said. Anyone who would like to contribute to the My People Fund should visit dollywoodfoundation.org.