Stewart retired in 1986, and the following year, Johnnetta Betsch Cole became the first black female president of Spelman College. During this time, the college became noted for its commitment to community service and its ties to the local community. Cole also led the college's most successful capital campaign; between 1986 and 1996, the college raised $113.8 million, including a $20 million gift from Bill Cosby and his wife, Camille Hanks Cosby, whose daughter graduated from Spelman. In honor of this gift, the Cosby Academic Center was constructed. In July 2015 the remainder of the funds were returned and an endowed professorship named for the Cosby couple discontinued as allegations of sexual assault by Bill Cosby grew more prominent.