CNN reported the split on Friday, after the university released a statement saying the comic would part from the school's drive to raise $300 million.

"Bill Cosby has agreed to resign as an honorary co-chair of UMass Amherst's capital campaign," spokesperson Ed Blaguszewski said.

"He no longer has any affiliation with the campaign nor does he serve in any other capacity for the university," he added.

The falling out with UMass, where Cosby earned his master's and doctorate, is the latest setback for the comic as more women continue to come forward accusing Cosby of rape and sexual assault.

First, Cosby cancelled a scheduled appearance on "The Late Show with David Letterman" on Nov. 15. Then online streaming service Netflix postponed the release of comedian's new stand up special, just as NBC axed a planned sitcom project involving Cosby.

Even as Cosby's attorney continues to dismiss the allegations as false, the comedian cancelled stand up performances in Las Vegas, Illinois, Arizona, South Carolina and Washington State.

h/t Mediaite