The event is being thrown by Harvey Weinstein and Georgina Chapman next month, reported New York Post.
The president is expected to appear May 13 at the DNC reception, being held at the Manhattan home of Weinstein and Chapman The intimate party is billed to include fewer than 65 guests with tickets costing USD 32,400 per couple.
The president has committed to doing at least eight fundraisers for the 2014 cycle.
In Pictures: Sex scandals involving Indian politicians
Photos: Abhishek Bachchan and Farah Khan at Boman Irani's birthday bash
Spotted: Shah Rukh Khan at Morani's bungalow in Mumbai
Spotted: Sonam Kapoor and sister Rhea at Mumbai airport
Photos: Ranveer Singh, Vaani Kapoor get 'Befikre' on 'Super Dancer'