The university, which was founded in 1900, confirmed last year that after decades of consideration, the Scottie dog would officially be named as the institution's symbol, the Pittsburgh Post-Gazette said Wednesday.
Carnegie Mellon released a brief statement from Cosby, in which he notes how important it is for students to have a life outside their school work.
"The dog raises one's self-esteem," said Cosby, who is donating a Scottish terrier from a Canadian breeder in Calgary.
The campus canine mascot is to make its debut this fall, the Post-Gazette said.
Salvation Army bell ringer assaulted for saying 'Happy Holidays'
Topless Snapchat photo of mother and 14-year-old daughter leads to charges