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University of Virginia
Also Known As University of Virginia
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Origin from 1819
The University of Virginia was founded by Thomas Jefferson in 1819 as a deliberately secular alternative to the denominational colleges of its era, with no divinity school and no religious test for students or faculty. Its relevance here comes instead from its School of Medicine, where the psychiatrist Ian Stevenson founded the Division of Perceptual Studies in 1967 to investigate claimed cases of children who report memories of previous lives, alongside near-death experience and other phenomena bearing on the survival of consciousness after death.
Facts
Finances
Institutional Wealth or FinancesUVIMCO (the University of Virginia Investment Management Company) reported its Long Term Pool at 15.5 billion US dollars as of 30 June 2025, up from 14.2 billion US dollars a year earlier, after a 12.4 percent return, according to The Cavalier Daily's coverage of UVIMCO's report to the university's Board of Visitors Finance Committee. About 7.9 billion US dollars of the pool is the Rector and Visitors' own endowment; the remainder is the University's Strategic Investment Fund, other University long-term assets and funds held by University-associated organizations. 2 UVIMCO's reported Long Term Pool total as of fiscal year end 2025, a combined figure spanning the university's endowment proper and several other long-term asset pools it also manages. Basis of the Wealth FigureJournalistic or Scholarly Estimate 2 Financial Disclosure RegimeUVIMCO reports annually to the University of Virginia Board of Visitors' Finance Committee at a public governance meeting, covered here by the university's own student newspaper. This is the university's own governance reporting practice rather than a standalone independently audited public endowment report; UVIMCO also publishes its own annual report document, whose detailed figures are not reproduced here. 2 Wealth Figure As Of Year Organisation
Distinguishing FeatureSourced to the subject's own accountFounded as a deliberately secular alternative to the denominational colleges of its era, with no divinity school and no religious test required of students or faculty. 1 Notable MemberSourced to the subject's own accountIan Stevenson, the psychiatrist who founded the university's Division of Perceptual Studies in 1967 to investigate claimed cases of children reporting memories of previous lives, near death experience and other phenomena bearing on the survival of consciousness after death. 1 Governing BodySourced to the subject's own accountBoard of Visitors, chaired by a rector. Jefferson built its governance with no college president and served as its first rector. 1 Origins
Origin PeriodSourced to the subject's own account FounderSourced to the subject's own account FoundedSourced to the subject's own accountFounded by Thomas Jefferson in 1819 as a deliberately secular alternative to the denominational colleges of its era, with no divinity school and no religious test for students or faculty. 1 Status
Current StatusSourced to the subject's own accountActive public research university. 1 Learn More
Jefferson's Secular University
Thomas Jefferson conceived the University of Virginia as a conscious departure from the pattern set by Harvard, Yale and William & Mary, all of which had begun as institutions for training clergy. He designed its central Lawn around a library rather than a chapel, a substitution he intended as an architectural argument that knowledge, not religious devotion, sat at the heart of the enterprise, and he insisted at its 1819 founding that the university appoint no professor of divinity and impose no religious test on students or faculty, an arrangement almost unheard of among American colleges at the time. This did not make the university hostile to religion so much as neutral toward it by design: students could attend services of their choice in town, and various denominations were later permitted to build seminaries adjacent to the grounds, but no faculty of theology or chair of divinity was ever part of the university's own structure, a distinction it has maintained into the present. That founding secularism is precisely what makes its later willingness to house a rigorous, empirical research program on reincarnation notable: the university's School of Medicine took on the subject not as a religious commitment but as a psychiatric research question, continuing Jefferson's original insistence that the institution's own stance toward any particular metaphysical claim remain officially uncommitted.
The Division of Perceptual Studies
Ian Stevenson, chair of the Department of Psychiatry at the University of Virginia's School of Medicine, used a private donation to establish what became the Division of Perceptual Studies in 1967, giving him a formal, funded base from which to investigate cases of young children who spontaneously report detailed memories of a previous life. His method was documentary and comparative rather than experimental: he traveled to interview children and their families, attempted to identify the deceased person the child claimed to remember, and cross-checked the child's statements against independently verifiable facts about that person's life and death before either family had any apparent means of contact, publishing his findings most fully in the 1966 book Twenty Cases Suggestive of Reincarnation.
Over his career Stevenson assembled more than 2,500 such cases, drawn heavily from cultures where belief in rebirth is already established, such as parts of India, Sri Lanka, Lebanon and West Africa, though he documented cases in the United States and Europe as well. Since his death in 2007 the division has continued under successive directors, broadening its research to near-death experience, deathbed visions and other phenomena at the edge of consciousness studies, while maintaining Stevenson's original case database as an ongoing, actively updated resource, and it remains one of the very few university departments anywhere to treat these questions as a standing subject of medical research rather than as either settled doctrine or dismissed superstition.
Cross-Tradition Connections
Associated With
This source names University of Virginia directly: "The Cavalier Daily, the University of Virginia's student newspaper, covering UVIMCO's (University of Virginia Investment Management Company) annual report to the university's Board of Visitors..."
The University of Virginia's School of Medicine is where the psychiatrist Ian Stevenson founded the Division of Perceptual Studies in 1967.
This source names University of Virginia directly: "Village Church Book, hosted by the University of Virginia Library's Salem Witch Trials Documentary Archive."
This source names University of Virginia directly: "general-reference article on the University of Virginia, a continuously edited tertiary source with no fixed publication year, accessed 2026-08-14."
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