Clarke University, a private Catholic institution in Iowa, said it is poised to eliminate its long-term debt after receiving a $5 million donation from alumna Honmai Goodman and her husband Joseph. The gift covers Clarke’s roughly $5 million long-term debt tied to bonds as of May 2024, and comes after the university announced restructuring that included eliminating multiple academic programs and roles. Earlier restructuring targeted underenrolled programs across disciplines—including English, digital media studies, environmental studies, graphic design, health, music, food science, philosophy, religious studies, and Spanish—and also shuttered certain graduate offerings. Clarke said the changes would affect a limited share of students, while cutting faculty and staff positions through attrition. With the debt eliminated, Clarke is expected to complete its academic restructuring by the end of the current academic year and rename a central campus hub as the Goodman Center.