With President-elect Joe Biden's upcoming inauguration, stars are gearing up to celebrate the United States' new president -- and now, Carole King, James Taylor and more are joining the festivities.

On Thursday (Jan. 14), the Biden Inaugural Committee announced their upcoming "We the People Concert," taking place virtually on Sunday. The virtual concert will feature performances from King, Taylor, Fall Out Boy, Will.I.AmAJR, Michael Bivins and Ben Harper, while comedian Keegan-Michael Key and actress Debra Messing will host, and stars like Connie Britton, Kal Penn, Sophia Bush and Jamie Camil will all make special appearances.

"On January 17th, we’re coming together for a special 'We the People Concert,'" the inaugural committee tweeted. "Hosted by @KeeganMKey and @DebraMessing, join us for this pre-inaugural event with @JoeBiden and @KamalaHarris."

The concert also serves as a fundraiser for the committee. Access to the virtual show requires a donation of any amount to the committee, according to the event's website. The event also offers special packages, including a "personalized commemorative inauguration ticket" for donations of $25 or more, and an "exclusive event poster" for donations of $50 or more.

This isn't the only news to come out of Biden's inauguration on Thursday: The committee also announced that Lady Gaga would perform the national anthem following the inauguration ceremony on Wednesday, Jan. 20. Gaga will join Tom Hanks, Justin Timberlake, Demi Lovato, Jennifer Lopez and more for Wednesday's Celebrating America special.

Check out the official announcement below: