Noting that although the benefits of working closely with parents and families are widely recognized, many schools do not enjoy close partnerships with their communities, this document describes the Taking Stock program, which is intended to help develop more extensive, creative, and responsive strategies for collaboration. The goals of the program described are to: (1) present the elements of an effective parent, community, school partnership to improve student achievement; (2) enable a school to assess its current efforts to reach out and work with its community; (3) provide a user-friendly process to identify areas of strength and weakness; and (4) recommend how to use the findings to develop an action plan for improvement. Section 1 presents an overview of the entire process and recommends how to administer the Taking Stock inventory. Section 2 contains the questionnaires in English and Spanish for families, and in English for educators, while section 3 shows how to tally the survey, score and interpret findings, and report the results. Section 4 describes how to design, implement, and evaluate the action plan, and develop a district policy on family and community involvement. Section 5 contains an 86-item bibliography and a list of resources. (SM)