Clarke University in Iowa is poised to eliminate its long-term debt after receiving a $5 million donation from alumna Honmai Goodman and her husband Joseph. The gift was tied to an earlier restructuring plan and will cover Clarke’s remaining long-term debt referenced in May 2024 financial statements. Clarke previously announced academic restructuring that included eliminating undergraduate programs across multiple disciplines and shuttering its arts education master’s and nursing practice doctorate. University officials attributed reductions to underenrollment and demand, and said 92% of students would not be affected by the eliminations. The restructuring also included planned reductions of faculty and staff roles through attrition and cost actions such as suspending retirement contributions. With the gift now confirmed as covering the bond-linked debt value, Clarke’s next phase will likely focus on the operational completion of its restructuring and the sustainability of remaining programs as enrollment has declined over the past decade.