The meeting will take place Wednesday, Feb. 13, at the Renaissance Reception and Conference Center, 101 W. National Ave., Brazil.
Sanford was hired in December to replace former coach Trent Miles, who left the Sycamores to become the head coach at Georgia State.
Sanford coached at UNLV from 2005-09 and recently spent the 2012 season with Utah State as the assistant head coach, running backs and tight ends coach.
Utah State finished with a 10-2 regular season record and No. 22 BCS ranking.
Miles helped turn the ISU program around after the Sycamores had won just one game in three seasons before he came to Terre Haute in 2008.
Miles left the Sycamores after a 7-4 campaign.
Sanford is ISU's 17th head football coach.
During his collegiate days, Sanford played at the University of Southern California (USC) from 1973-76. He was the quarterback at USC in 1973 and 1974 when the Trojans went to the Rose Bowl.
He also played free safety for the squad in 1976.
Since becoming a graduate assistant at USC in 1977, Sanford has served as an assistant coach at San Diego City College, the United States Military Academy, Virginia Military Institute, Long Beach State, Purdue, USC, Notre Dame, the San Diego Chargers and Stanford.
In 2003, he served under Urban Meyer as offensive coordinator for the Utah Utes. The squad won the Liberty Bowl.
In 2004, Utah was undefeated and won the Fiesta Bowl.
After his time at Utah and UNLV, Sanford became offensive coordinator for the University of Louisville before joining the Utah State coaching staff in 2012.
As head coach of UNLV, Sanford amassed a record of 16-43.