An invitation, sent from the Democratic National Committee to donors, states that a reception and dinner will be held at the actress' home on October 9, said the Hollywood Reporter.
"Following the reception, President Obama will take your questions at an intimate dinner," reads an email from a key Hollywood fundraiser to invitees.
Seats at the event will cost from USD 1,000 to USD 32,400.
Paltrow, a longtime supporter of the president, had previously held a fundraiser for Obama during his re-election campaign in 2012.
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