On December $1,2016,$ a college received a pledge of support for the general endowment. Which of the following is true with respect to this pledge?

$4)$

$\_\_\_\_\_\_\_$

A$)$

The contribution will be recognized as revenue in $2016$ if the college is a private institution.

B$)$

Neither The contribution will be recognized as revenue in $2016$ if the college is a public institution nor The contribution will be recognized as revenue in $2016$ if the college is a private institution is true.

C$)$

The contribution will be recognized as revenue in $2016$ if the college is a public institution.

D$)$

Both The contribution will be recognized as revenue in $2016$ if the college is a public institution and The contribution will be recognized as revenue in $2016$ if the college is a private institution are true.