The word "present" has multiple meanings in English:
1. As a noun: a gift (e.g. "birthday present")
2. As an adjective: existing or occurring now (e.g. "present situation")
3. As a verb: to show or offer something for others to see (e.g. "present your ID")
4. In grammar: the present tense (e.g. "simple present")
5. As a noun: the current time (e.g. "living in the present")