Rust College is a historically black liberal arts college located in Holly Springs, Mississippi. Located approximately 35 miles southeast of Memphis, Tennessee, it is the second-oldest private college in the state. Affiliated with the United Methodist Church, it is one of ten historically black colleges and universities (HBCUs) founded before 1868 that is still operating. One of the oldest colleges for African Americans in the United States, Rust was founded on November 24, 1866 by Northern missionaries with a group called the Freedman's Aid Society of the Methodist Episcopal Church. In 1870, the college was chartered as Shaw University in 1870, honoring the Reverend S. O. Shaw, who made a gift of $10,000 to the institution. In 1882 the institution changed its name to Rust University, a tribute to Rev. Richard S. Rust of Cincinnati, Ohio, the secretary of the Freedman's Aid Society. In 1915, the institution re-assumed the name Rust College.