The purpose of this practical guide is to increase the awareness of both educators who are responsible for building school partnerships and corporate leaders as to how school partnerships can contribute to education. Kinds of school/business partnerships are discussed, and the services provided by partners are listed. These steps in establishing and maintaining partnerships are then outlined: planning, organizing, implementing, and evaluating. Samples and examples are provided. Organization of an education foundation is also described, and sources of more information on organizing and managing them are cited. An appendix provides a list of corporations or professional organizations involved in partnerships (and their addresses) and a brief description of the activities they sponsor. A bibliography is included. (YLB)