The yttrium diphthalocyanine [YPc2]·CH2Cl2 has been synthesized and its structure and magnetic properties are reported. They are compared to those of the nonsolvated derivative αYPc2, which is isostructural to NdPc2. In [YPc2]·CH2Cl2, the phthalocyanine macrocycles are packed above each other in order to form infinite chains parallel to the c axis of the crystal. One macrocycle is rotated relative to the other 45°, so that the coordination of yttrium is a distorted square antiprism. One-dimensional ferromagnetism is emphasized for the first time in a pure organic system. αYPc2 which presents a different packing of Pc rings, exhibits on the contrary an antiferromagnetic behavior. A model, based on the influence of orbital degeneracy of [Pc-Pc2-] radicals in the exchange mechanism, is developed. Starting from the “extended” Anderson approach, an effective exchange Hamiltonian is proposed, taking into account spin-spin, orbit-orbit and spin-orbit like contributions. Such a model is shown to stabilize a ferromagnetic ground-state. Competing effects, such as the overlap between magnetic orbitals of adjacent radical species, and the degeneracy of involved orbitals, are discussed to explain the different behaviors of the solvated and nonsolvated derivatives.