This year's Outflix festival is set for September 10th through the 16th. It benefits the Memphis Gay & Lesbian Community Center.
As for Tuesday's regular event at Grace, you'll get the most booze for your bucks during happy hour from 4:30 to 7 p.m., but a portion of proceeds from drinks purchased from open to close benefit Outflix. Go here for a cocktail menu. Grace is located at 938 South Cooper.