School and community partnerships are designed to increase the flow of resources into and around the school. Such?partnerships have had a positive impact on both students and (Dryfoos, 1994) their families. Across the United States, communities have witnessed improvements in student learning, healthier children, increased parent involvement and fewer behavioral problems among teens due to school and community partnerships. ?However, communities and schools encounter numerous challenges implementing and sustaining collaborative partnerships. An unexpected product of such collaborations is the accountability burden schools incur in an effort to serve all members of the community. When schools partner with outside organizations they become accountable not only to their students, but also to student?s families, service providers and the community at-large. In addition, private entities and community organizations are often challenged with finding the right schools that are receptive to their needs, program design, and goals. ?There is no one best way to build effective school and community partnerships, however there are guiding principles practitioners should consider during their formation. My paper presentation will provide a theoretical overview of the?importance of school and community partnerships, as well as U.S. research findings on building and sustaining such partnerships. Using exemplar partnerships from a university/school partnership as a guide, the paper will describe the key ?elements of successful public/private partnership between, schools, community organization, businesses, universities and families. ?