Denzel Washington speaks during the Boys & Girls Clubs of America "Great Futures Start Here" campaign launch at The National Press Club on Sept. 21, 2011 in Washington, DC.

*Denzel Washington has reached deep into his pockets for his alma mater Fordham University.

The university said Monday that the Oscar winner has given $2 million to endow the Denzel Washington Chair in Theatre, and another $250,000 to establish a scholarship for a minority undergraduate student studying theater at Fordham, reports the AP.

Phylicia Rashad, who played Clair Huxtable on “The Cosby Show,” has joined the school’s faculty as the first Denzel Washington Chair in Theatre.

Washington cited the late Bob Stone, who was a theater professor at Fordham, for inspiring him.