Williams' head of performance engineering Rob Smedley will host a gala in support of children's charity Zoe's Place Baby Hospice.
The event will take place at Wynyard Hall Country House Hotel, Wynyard, on August 1.
A charity auction with exclusive Formula 1-themed memorabilia will be up for grabs during the event.
Smedley and his wife Lucy, who lost a baby daughter in 2007, have been patrons of Zoe's Place for four years now.
"We initially got involved with Zoe's Place after finding out that it was a struggling charity doing amazing work for poorly babies and children," Smedley said.
"The hospice is based in the town where I grew up, and Lucy and I decided to see if we could help them.
"It was their idea to start doing charity dinners and the last event in 2011 was a huge success so we felt it was the right time to host another one and help raise awareness of their amazing work."
Tickets are £130, or £150 for a 'Pole Position Table'.
For more information or to book tickets, contact Elaine Dunning, Corporate Fundraiser, Zoes Place Baby Hospice on 07584324460 or email: firstname.lastname@example.org