the U.S. privately held company with a fiscal year-end of June 30th, 2020. it on June 1, 2020, that it will be donating unconditionally $10,000,000 to New York Church on September 1, 2020. The president of the company believes that the Donation Expense should be recognized on June 1, 2020, when the announcement was made vs. when the donation is paid to Church.

When should Mulcahy recognize the Donation Expense to DePaul University under U.S. GAAP?

GAAP Codification Reference:

Your answer/interpretation of when the company should recognize the Donation Expense to New York Church?