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“His two decades as president molded UVA into the Grounds it is today,” Ryan said, noting that Casteen’s administration built or purchased 134 new buildings and invested heavily in landscaping to improve the beauty of Grounds. It also significantly grew the University Library’s holdings and special collections, oversaw dramatic health system growth, and led two successful capital campaigns.
“I’m incredibly grateful to John for his service, his leadership, and his wise counsel to me,” Ryan said. “And I couldn’t be more pleased to unveil a portrait that will be an enduring symbol of his legacy.”
During his term as president, Casteen and his staff increased the University’s endowment from $488 million to $5.1 billion. That financial growth came despite major state budget cuts in the 1990s. Casteen more than made up for the state budget shortfall with shrewd financial restructuring and tireless fundraising.
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