This article, based on a presentation at the University Professional and Continuing Education Association Annual Conference, March 29, 2012, provides concepts, terminology, and financial models for establishing and maintaining successful institutional partnerships. The authors offer it as a contribution to developing a wider understanding of the models of partnership that lead to sustainable success. Certainly, the concept of partnership is prevalent in continuing education professional circles where it is often an assumed best practice, but there is little in the way of formal approaches to developing partnerships. In this article, the authors describe the concepts, tools and financial models that have helped guide the development of successful inter- and intra-institutional partnerships at the University of British Columbia, Continuing Studies (UBC-CS). (Contains 5 figures.)