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His wife passed away in 1947, following which he continued to live alone on his ranch. After spending a lifetime defying death, Ivy died alone in his cabin on October 9, 1953 at age 87. He was survived by two sons and a daughter. Burial was at Fairmont, Colorado. He was a member of the Masonic Order.

Flying Pioneer William Ivy Baldwin spent a long and active life at aerial exploration in all phases. Master showman, he traveled the world of aerial endeavor. Born with the talent for public entertainment, few men could equal his long record of daredevil aerial risks and he lived to see the great advance of air travel and the growth of the aviation industry he helped create.