The 'Party at the Palace' event scheduled for April 8, 2017, aims to raise over $300,000 for nonprofits that promote innovation and creativity in education. With 3,000 attendees expected, the event will feature dinner, drinks, and entertainment while highlighting the importance of preparing children for a rapidly changing workforce. The funds raised will support programs that teach students essential skills through project-based learning, blending STEM education with the arts.