We prepared a series of phenothiazine (PTZ)− anthraquinone (AQ) electron donor−acceptor dyads to study the relationship between molecular structures and the possibility of charge transfer (CT) and intersystem crossing (ISC). As compared to the previously reported PTZ-AQ dyad with a direct connection of two units via a C−N single bond, the PTZ and AQ units are connected via a p-phenylene or p-biphenylene linker. Conformation restriction is imposed by attaching ortho-methyl groups on the phenylene linker. UV−vis absorption spectra indicate electronic coupling between the PTZ and AQ units in the dyads without conformation restriction. Different from the previously reported PTZ-AQ, thermally activated delayed fluorescence (TADF) is observed for the dyads containing one phenylene linker (PTZ-Ph-AQ and PTZ-PhMe-AQ). The prompt fluorescence lifetime in cyclohexane is exceptionally long (τ PF = 62.0 ns, population ratio: 99.2%) and 245.0 ns (93.5%) for PTZ-Ph-AQ and PTZ-PhMe-AQ, respectively (normally τ PF <20 ns); the delayed fluorescence lifetimes for these two dyads were determined as τ DF = 2.4 μs (6.5%) and 7.6 μs (0.8%), respectively. For the dyad containing a biphenylene linker (PTZ-Ph 2 Me-AQ), no TADF was observed. Charge-separated (CS) states were observed for PTZ-Ph-AQ and PTZ-PhMe-AQ, and the lifetimes were determined as 7.0 and 1.3 μs, respectively, indicating the triplet spin multiplicity of the CS state. The 3 CS state lifetimes are shortened to 100 ns and 440 ns for the two dyads, respectively, in the polar solvent acetonitrile. For dyads with a longer linker, i.e., PTZ-Ph 2 Me-AQ, the CS state lifetime is not sensitive to solvent polarity (τ CS = 1.8 and 1.3 μs in cyclohexane and acetonitrile, respectively). In reference dyads, where the PTZ unit is oxidized to sulfoxide, no CT absorption band and TADF were observed, which is attributed to the increased CS state energy (>3 eV) becoming higher than that of the AQ triplet ( 3 AQ*) state (ca. 2.7 eV). These experimental evidence show that the presence of 1 CS, 3 CS, and 3 LE (LE: locally excited) states sharing similar energy is essential for the occurrence of TADF. Population of the long-lived 3 CS state (with a lifetime of a few μs) does not produce by itself TADF, because the ISC process of 1 CS→ 3 CS is nonsufficient. Femtosecond transient absorption spectra show that charge separation (CS) occurs readily (<5 ps) for most dyads, even in nonpolar solvents. Nanosecond pulsed laser-excited time-resolved electron paramagnetic resonance (TREPR) spectra show that either a spin correlated radical pair (SCRP) is formed, with the electron exchange energy 2J = +2.14 mT, or radical pairs with stronger interaction, |2J| > 6.57 mT. These studies are useful for in-depth understanding of the CS and ISC in compact electron donor−acceptor dyads and for design of efficient TADF emitters.