In the latest sign that the charity could fold, Second Mile recommended giving to the Pennsylvania Coalition Against Rape.
The Second Mile was founded in 1977 by Sandusky, who has been charged with sexually abusing eight boys over a 15-year period.
Prosecutors say Sandusky used the organization to meet victims. Sandusky has denied the allegations and is free on bail while he awaits a preliminary hearing next month.
In the meantime, federal investigators arrived in State College on Monday to look into whether Penn State violated reporting mandates for campus crime.
The federal investigation centers on whether reporting provisions of the Clery Act were complied with in the Sandusky case. State prosecutors also charged athletic director Tim Curley and former vice president Gary Schultz with not properly reporting suspected child abuse and perjury before a grand jury.
Penn State spokeswoman Lisa Powers said the university was "pulling a lot of data and archival information" for the U.S. Department of Education investigators.
Also Monday, Penn State officials announced a student forum on the scandal would take place on Wednesday.
The Associated Press contributed to this report.