The term "gift of grace" can have different meanings depending on the context. Here are some of the meanings found in the search results:

• Grace as a gift from God: Grace is a gift of God that is given to us out of love, not because we earned it. It is the dimension of God active within us, doing for us what we cannot do for ourselves. The New Testament concept of grace includes the idea of a dynamic power that enables those who have been saved to live the Christian life and serve God. Salvation is by grace because it is a gift.

• Grace as a gift to others: We have received the gift of grace from God so that we may give it to others, even if we do not think they deserve it. We should use whatever gift we have received to serve others, as faithful stewards of God’s grace in its various forms.

• Grace as a theological concept: The New Testament word for gift (charisma) has often been translated as grace. The New Testament’s theology of grace is rooted in the Old Testament idea of God’s favor, which is shown to those who do not deserve it and cannot help themselves.

• Grace as a state of being: Grace is a peace and tranquility that can only come from knowing that life happens for you, not to you. It is a most wondrous thing, this grace of God. Yet it is often misunderstood.

In summary, the gift of grace can refer to the gift of Gods grace, the gift of grace that we give to others, the theological concept of grace, or the state of being that grace brings.