Which of the following is NOT a special rule that applies to charitable trusts?

In the context of charitable trusts, the correct assertion is that they are not subject to the Rule Against Perpetuities. This rule generally prevents non-charitable trusts from lasting indefinitely, thereby requiring them to vest within a specified time period. However, charitable trusts enjoy a distinct status where they are exempt from this rule. The primary reason for this exemption is that charitable trusts are intended to benefit the public and fulfill charitable purposes that are recognized as beneficial for society.

The other aspects related to charitable trusts reinforce this idea of their unique nature. Charitable trusts must indeed confer a substantial amount of social benefit, as their very purpose is to aid in charitable activities that serve the public interest. Additionally, they must be in favor of the public at large, meaning that the benefits provided by the trust cannot be limited to a specific individual or defined group, further emphasizing their role in serving the broader community. Lastly, charitable trusts can be reformed under the doctrine of cy pres, allowing for modification of their terms if the original purpose becomes impractical or impossible to fulfill, again reflecting their flexible purpose in promoting social good.