Note down new present (5)
I believe the answer is:
endow
'present' is the definition.
(endowing is a kind of presenting)
'note down new' is the wordplay.
'note' becomes 'e' (musical note).
'new' is an anagram indicator.
'down' anagrammed gives 'ndow'.
'e'+'ndow'='ENDOW'
(Other definitions for endow that I've seen before include "Bequeath or give an income or property to" , "Furnish, award" , "Present with a source of income" , "Provide (with financial support, qualities etc)" , "Provide capital to ensure an income for an institution" .)