Yes, gift is a Scrabble word!
...and is worth 8 points in Scrabble, and 9 points in Words with Friends
gift
Verb
1. Give qualities or abilities to
2. Give as a present; make a gift of
Noun
1. Something acquired without compensation
2. Natural abilities or qualities
3. The act of giving
What Scrabble words can I make with the letters in gift?
3 Letter Words
2 Letter Words