During the years ended June 30, 2008 and 2009, Jasper University, a public university, conducted a cancer

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During the years ended June 30, 2008 and 2009, Jasper University, a public university, conducted a cancer research project financed by a $1,000,000 gift from an alumnus. The entire amount was pledged by the donor on July 10, 2007, although she paid only $200,000 at that date. The gift was restricted to the financing of this particular research project. During the two-year research period, Jasper's related gift receipts and research expenditures were as follows: