Spelman College to Cosby We Don't Want Your Money Any More

7/25/2015 11:08 AM PDT

Spelman College to Cosby -- We Don't Want Your Money Any More

Breaking News

Spelman College, one of the most prestigious African American colleges in the country has dropped Bill Cosby in a stunning way.

A college official says The William and Camille Olivia Hanks Cosby Endowed Professorship will be discontinued and all remaining funds returned.

Cosby was a big supporter of the all women's college over the years and the school acknowledged his contribution by honoring him at various times.

It's the latest in an avalanche of back turns in the wake of the various sexual assault allegations.