The charity founded by Jerry Sandusky, the former assistant football coach of Pennsylvania State who was convicted of child molestation, filed a court petition Monday seeking permission to go out of business in July, TV station WPVI-TV in Philadelphia reports.
The board of the Second Mile said fundraising had dried up and almost all the charity's assets have been distributed in the wake of Mr. Sandusky's arrest and conviction for child molestation. He met some of the boys involved through the charity, which he founded in 1977 with the stated purpose of helping disadvantaged children.
In October, a judge rescinded an honor that was to be awarded to one of the former board members of the charity.
The university in general has maintained strong fundraising results in the years since the crisis.