Ephesians 3:2 If indeed you have heard of the stewardship of the grace of God which was given to me for you, John 1:17 For the law was given through Moses; grace and reality came through Jesus Christ.
Since our stewardship is the stewardship of the grace, we need to see what grace is. John 1:17 says that grace came through Jesus Christ. During the time of the Old Testament, there was law, but not grace.
Grace did not come until Christ came. Many Christians think that grace refers mainly to material blessings. But the Bible indicates that grace did not come before Christ.
However, God certainly bestowed material blessings on His people before Christ came. Grace is nothing less than God Himself given to us, gained by us, and enjoyed by us. Before Christ came, God could not be given to anyone.
No one could receive God or enjoy Him. But in Christ and through Christ we receive God, and God becomes our enjoyment. Therefore, grace is God Himself as our enjoyment.
The stewardship of grace is the dispensing of God into people to be their enjoyment. Dispensing this grace into others is our stewardship according to God's economy. Because we partake of God as our enjoyment, we can dispense Him as grace into others.
This is the dispensation of grace.