This is what we found on Wikipedia regarding the Kensington Palace:

Kensington Palace is a royal residence situated within Kensington Gardens in the Royal Borough of Kensington and Chelsea in London, England. It has served as a residence for the British royal family since the 17th century and is currently the official London residence of several royals, including the Prince and Princess of Wales, the Duke and Duchess of Gloucester, the Duke of Kent, Prince and Princess Michael of Kent, and Princess Eugenie alongside her husband, Jack Brooksbank. The term "Kensington Palace" is often used as a metonym for the offices of the royals who reside there.

Today, the State Rooms of Kensington Palace are open to the public and are managed by Historic Royal Palaces, an independent charity that operates without public funding. The palace's offices and private living quarters remain the responsibility of the Royal Household. Additionally, Kensington Palace showcases numerous paintings and other artefacts from the Royal Collection.