In order to better serve our nation's youth, educational leadership preparation programs must be willing to transform current preparation practices. This paper emphasizes the need to develop high quality school leaders to successfully create and sustain necessary changes in schools. The dynamic transformation of a principal preparation program, which stemmed from a university-district collaborative, is discussed in detail. Key areas of the transformation and partnership are shared, such as the foundational needs, the stakeholders involved, the course sequence redesign, the course and syllabi revision process, the co-teaching model, the internship, culminating experience, and current funding sources. Finally, conclusions and recommendations for transforming principal preparation program partnerships to support all children.