Music star Ricky Martin will host a fundraising event for President Barack Obama to thank the politician for his support of gay rights.

The gay singer will team up with the Lesbian, Gay, Bisexual and Transgender (LGBT) Leadership Council and the Futuro Fund to host a benefit for the president at New York City's Rubin Museum of Art next month.

Martin wants Obama to win a second term at this year's upcoming election, believing he will continue to show support for the LGBT community.

He says, "I am proud to support our president. I believe Barack Obama has shown a deep conviction to help those most in need, even if their voices are not always the ones heard the loudest in Washington.

"He has also been an exceptionally strong advocate for the Latino and LGBT communities... With his actions, I believe the president has put the United States back on the right path and has earned the opportunity to finish the critical work that he has started."