High Quality Content by WIKIPEDIA articles! Valparaiso University, known colloquially as Valpo, is a regionally accreditedprivate university located in the city of Valparaiso in the U.S. state of Indiana. Founded in 1859, it consists of five undergraduate colleges, a graduate school, a nursing school and a law school. Valparaiso University is owned and operated by the Lutheran University Association, a non-profit corporation, and is the largest independent Lutheran university in the United States. It is also home to the second largest collegiate chapel in the world, the Chapel of the Resurrection.