Verse 25
As Jesus had taken the bread and given thanks for it, so He also took the cup and gave thanks for it (Matthew 26:28; Mark 14:24; Luke 22:20).
When Jesus shed His blood on Calvary, that blood ratified (gave formal sanction to) the New Covenant that Jeremiah had predicted (Jeremiah 31:31-34, cf. Exodus 24:8). The New Covenant replaced the old Mosaic Covenant (Hebrews 8:8-13; Hebrews 9:18-28). Even though the Jews will be the major beneficiaries of the benefits of this covenant in the Millennium, all believers began to benefit from the death of Christ when He died. [Note: See Rodney J. Decker, "The Church’s Relationship to the New Covenant," Bibliotheca Sacra 152:607 (July-September 1995):290-305.]
This arrangement resembles one that is possible to set up in a Charitable Lead Unit Trust under the Internal Revenue Code of the United States. Suppose there was a vastly wealthy and generous philanthropist of the magnitude of a John D. Rockefeller or Bill Gates. As he prepared his will he bequeathed millions of dollars to various charitable causes that would benefit millions of people all over the world when he died. He also wrote into his will that when his only son reached the age of 21 he would inherit billions of dollars. When this man died, his son was only five years old, so for 16 years he did not enter into his father’s inheritance. However as soon as the philanthropist died the millions of dollars he had bequeathed to charity went to work immediately to help many people.
This illustration shows how the church enters into the blessings of the New Covenant. When Christ established the Lord’s Supper it was as though He notarized His will; it became official then. The will is the New Covenant. When He died His "estate" became available to those He chose to profit from it. Soon many people around the world, Jews and Gentiles alike in the church, began to benefit from the blessings of His death. However His chosen people, His son Israel, will not enter into his inheritance until the appointed time, namely, the Millennium. Blessings for the church began almost immediately after Christ’s death. Blessings for Israel will not begin until Christ’s appointed time arrives.
Whenever the Jews celebrated the Passover the father who was conducting the service would explain the significance of each part to the rest of the family (cf. Deuteronomy 16:3). Jesus did the same for His disciples when He instituted the Lord’s Supper.
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