Nikon was elected Patriarch in 1652, and in 1653, he asked Tsar Alexey II permission to found a monastery in Valday.
By the autumn of 1653, two wooden churches were in use.
Nikon also ordered to transfer the relic of Saint Iosif of Borovichi to the monastery, which was done in February, 1654.
In the same year, all lands around Lake Valdayskoye, including the selos of Valday, Borovichi, and Vyshny Volochyok, were declared the property of the monastery.
The monastery became one of the biggest landowners in Russia.

In 1655, all monks from the former Orsha Kutein Monastery, located in the area of the present-day Belarus, moved to the Valday Iversky Monastery.
One monk, Dionisy, was appointed a hegumen.
This move was related to a difficult situation of the Orthodox Church in Poland.

In the second half of the 17th century, the monastery became a center of culture and education.
In particular, the monastery started to print books, the second such institution in Russia after the Moscow Print Yard.
Production of porcelain tiles, the first one in Russia, started in the monastery.
In 1656, the first stone church was completed.
Nikon, as well as a number of metropolitans, personally attended the sanctification.
For this occasion, a copy of the icon of Theotocos Iverskaya was made and placed in the monastery.
Simultaneously, Nikon issued a prohibition to make further copies of the icon.

In 1666, Nikon was deposed, and all monasteries he supervised, including the Iversky monastery, were abolished.
However, already in 1668 the monastery was re-established, and the former monks, including the hegumen, Filofey, returned.

In the 18th century, the monastery slowly declined.
Between 1712 and 1730, it was subordinated to the Alexander Nevsky Lavra, located in Saint Petersburg.
Much of the treasure kept in the Valday Iversky Monastery was transferred to the Lavra.
An attempt to revive the former importance of the monastery was made in the 1850s.
After the October Revolution, the monastery was first transformed into a labour cooperative in 1919, and in 1927, it was abolished.
The monastery buildings housed a museum, a workshop, a hospital, a retirement home, and a recreation facility.
The icon of the Theotocos Iverskaya disappeared in 1927 and was never recovered.

In 1991, the monastery was reopened.
In the Peter and Paul Cathedral in Valday, a copy of the icon of the Theotocos Iverskaya, dating from 1854, survived.
This copy was transferred to the monastery and remains there.
Nikon was elected Patriarch in 1652, and in 1653, he asked Tsar Alexey II permission to found a monastery in Valday. By the autumn of 1653, two wooden churches were in use. Nikon also ordered to transfer the relic of Saint Iosif of Borovichi to the monastery, which was done in February, 1654. In the same year, all lands around Lake Valdayskoye, including the selos of Valday, Borovichi, and Vyshny Volochyok, were declared the property of the monastery. The monastery became one of the biggest landowners in Russia.
In 1655, all monks from the former Orsha Kutein Monastery, located in the area of the present-day Belarus, moved to the Valday Iversky Monastery. One monk, Dionisy, was appointed a hegumen. This move was related to a difficult situation of the Orthodox Church in Poland.
In the second half of the 17th century, the monastery became a center of culture and education. In particular, the monastery started to print books, the second such institution in Russia after the Moscow Print Yard. Production of porcelain tiles, the first one in Russia, started in the monastery. In 1656, the first stone church was completed. Nikon, as well as a number of metropolitans, personally attended the sanctification. For this occasion, a copy of the icon of Theotocos Iverskaya was made and placed in the monastery. Simultaneously, Nikon issued a prohibition to make further copies of the icon.
In 1666, Nikon was deposed, and all monasteries he supervised, including the Iversky monastery, were abolished. However, already in 1668 the monastery was re-established, and the former monks, including the hegumen, Filofey, returned.
In the 18th century, the monastery slowly declined. Between 1712 and 1730, it was subordinated to the Alexander Nevsky Lavra, located in Saint Petersburg. Much of the treasure kept in the Valday Iversky Monastery was transferred to the Lavra. An attempt to revive the former importance of the monastery was made in the 1850s. After the October Revolution, the monastery was first transformed into a labour cooperative in 1919, and in 1927, it was abolished. The monastery buildings housed a museum, a workshop, a hospital, a retirement home, and a recreation facility. The icon of the Theotocos Iverskaya disappeared in 1927 and was never recovered.
In 1991, the monastery was reopened. In the Peter and Paul Cathedral in Valday, a copy of the icon of the Theotocos Iverskaya, dating from 1854, survived. This copy was transferred to the monastery and remains there.
Valday Iversky Monastery