(from the article, below)

Bill and Camille Cosby had given $20 million to the college

ATLANTA (CNN) —Spelman College, a historically black women's school in Atlanta, has officially terminated a professorship endowed by actor Bill Cosby and his wife Camille.

While the university did not cite a reason, the move comes one week after CNN obtained a copy of a decade-old deposition in which Cosby admitted he procured drugs to give to women with whom he wanted to have sex.

Cosby, 78, has been publicly accused of sexual assault by over two dozen women. Many have claimed the actor gave them drugs without their knowledge. He has never been criminally charged and has vehemently denied wrongdoing.

"The William and Camille Olivia Hanks Cosby Endowed Professorship at Spelman College has been discontinued," the school's communications office said in a brief statement Saturday. It went on to say that "related funds" have been returned to the Clara Elizabeth Jackson Carter Foundation and that is has no further comment. That organization was established by Camille Cosby and named for her mother.

http://www.koco.com/national/spelman-ends-cosby-professorship/34357506?utm_campaign=KOCO&utm_content=55b507cf04d30167c3000002&utm_medium=facebook&utm_source=trueAnthem:+New+Content

Apparently, Spelman college no longer has any use for Bill's wealth, his good looks or his rapist wit.