Michael Buckner/Getty
September 14, 2014 09:45 AM

Gwyneth Paltrow will host President Barack Obama for a fundraising event next month, PEOPLE confirms.

The fundraiser, which was planned by the Democratic National Committee, will be held at the Oscar winner’s L.A. home on October 9.

According to The Hollywood Reporter, there will be a reception followed by a dinner where President Obama will answer questions from guests – who are each paying $1,000 to $32,400 to attend the event.

Paltrow, 41, will join a handful of celebrities who have hosted President Obama including Sarah Jessica Parker, who hosted a fundraiser two years ago at her Manhattan home. Meryl Streep, Michael Kors, Anna Wintour and Bravo’s Andy Cohen were among the star-studded crowd.

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