The University of Virginia (U.Va. or UVA), frequently referred to simply as Virginia, is a public research university and the flagship for the Commonwealth of Virginia. Founded in 1819 by Declaration of Independence author Thomas Jefferson, UVA is known for its historic foundations, student-run honor code, and secret societies. 

UNESCO designated UVA as America's first and only collegiate World Heritage Site in 1987, an honor shared with nearby Monticello. The university was established in 1819, and its original governing Board of Visitors included Thomas Jefferson, James Madison, and James Monroe. Monroe was the sitting President of the United States at the time of its foundation. Former Presidents Jefferson and Madison were UVA's first two rectors and Jefferson conceived and designed the original courses of study and Academical Village. 

UVA was the first elected member of the Association of American Universities from the South, in 1904, and remains the only member institution in Virginia. UVA is classified as a "Research University with Very High Research" by the Carnegie Foundation, and is considered Virginia's flagship university by the College Board. In 2015 the journal "Science" honored UVA faculty for discovering two of its top 10 annual scientific breakthroughs; from the fields of Medicine and Psychology. UVA faculty and alumni have founded a large number of companies, such as Reddit, that produce more than $1.6 trillion in annual revenue, equivalent to the 10th-largest economy in the world.
Besides academics is it known for anything else?
historic foundations, student-run honor code, and secret societies.