As noted by the Independent Feature Project's Gotham Independent Film Awards, "New to the Gotham Awards this year [2012] is the Bingham Ray Award, an award bestowed upon an emerging filmmaker whose work exemplifies a distinctive creative vision and stylistic adventurousness that stands apart from the mainstream and warrants championing. The goal is to bring additional attention to new artists whose work could be seen as conceivably joining the ranks of filmmakers championed by industry veteran Bingham Ray, who died in January."[4]
The 39th Telluride Film Festival in 2013 was dedicated to him.[6]
The 2012 film Stand Up Guys starring Christopher Walken and Al Pacino is dedicated to him.[7]
The 2015 feature documentary The First Film, which proves that the world's very first film was made in England by Louis Le Prince, is also dedicated to Ray.
