Universities often serve as anchor institutions in the communities in which they exist. This role has come under increased scrutiny as higher education institutions seek to efficiently and effectively fulfill their core purposes while also increasing commitments to other values like social responsibility and community responsiveness. University-community partnerships have been a means by which universities have tied some of their core functions to stakeholders outside of the university. Though there has been an increase in the prevalence of such partnerships and scholarship surrounding their roles in higher education, these perspectives have come from limited perspectives and conceptual scopes. The purpose of this qualitative study is to expand knowledge on university-community partnerships through non-traditional higher education conceptualizations to better account for the diverse perspectives represented in these partnerships. In-depth interviews were conducted with faculty, students, and community stakeholders who are engaged in university-community partnerships. Pierre Bourdieu's Theories of Capital were utilized as a theoretical framework for the study. The Bourdieusian Capital Theory holds that the world is made up of capital transfers and accumulations that help make sense of our social systems and structures. This study's findings revealed several key themes, including the importance of trust and respect in partnerships, the complexity of communication, and the need to account for diversity to ensure equitable partnership outcomes. Participants highlighted the mutual benefits of partnerships, with students gaining real-world experience and community partners receiving much-needed support. Additionally, the study underscored the value of people skills and local community knowledge, and how personal relationships and university transience influenced partnership dynamics. Community stakeholders also emphasized the balance between experience and credentials, noting that practical experience often held more value than formal qualifications. [The dissertation citations contained here are published with the permission of ProQuest LLC. Further reproduction is prohibited without permission. Copies of dissertations may be obtained by Telephone (800) 1-800-521-0600. Web page: http://bibliotheek.ehb.be:2222/en-US/products/dissertations/individuals.shtml.]