The synthesis of a porphyrin–fullerene dyad with “parachute” topology is reported. To determine whether the dyad is “flexing” at room temperature, low-temperature NMR experiments were used. Computational modeling has shown the low-energy conformation of the dyad to be nonsymmetric. Although, 1H NMR spectroscopy at room temperature is consistent with a molecule with C2v symmetry, the spectrum changes on lowering the temperature consistent with “windshield wiper”-like motion, in which the porphyrin moiety rotates from one side of the C60 sphere to the other. Nanosecond and picosecond fluorescence lifetime experiments show two components contribute to the fluorescence decay, also consistent with the presence of more than one conformer.