<p>There are no Federal annual limits to how much can be contributed per beneficiary to a 529. Individual states might impose a limit although I haven’t heard of any offhand. Each state has its own lifetime limit, typically over $200K.</p>
<p>If you’re concerned about Gift and Generation-Skipping Transfer Tax (GSTT) issues then you should be aware that the GSTT regulations include one unique provision, applicable only to Section 529 plans. You may contribute up to five years worth of annual exclusion gifts in one year. So a married couple could contribute up to $130,000 per child up front without using any of their lifetime gift tax credit.</p>
<p>[529</a> Plans: Questions and Answers](<a href=“http://www.irs.gov/newsroom/article/0,,id=213043,00.html]529”>http://www.irs.gov/newsroom/article/0,,id=213043,00.html)</p>